Deductions and Default netting: Difference between pages

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1. Amount of money subtracted from an account or from any amount payable/receivable, to pay for services, goods or taxes.
Also known as Close-out netting.


2. ''Tax.''
Amounts for which tax relief is given.  Most often by subtracting the deductions from (otherwise) taxable profits, before calculating the amount of tax payable on the net taxable profits.


== See also ==
== See also ==
* [[Tax credit]]
* [[Close-out netting]]
* [[Tax relief]]
 

Revision as of 09:45, 22 June 2016

Also known as Close-out netting.


See also