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imported>Administrator |
imported>Doug Williamson |
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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. |
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| 2. ''Tax.''
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| 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.
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| == See also == | | == See also == |
| * [[Tax credit]] | | * [[Close-out netting]] |
| * [[Tax relief]]
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Revision as of 09:45, 22 June 2016
Also known as Close-out netting.
See also