Deductions to Income Tax

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Last updated 11:58 PM on 7/15/26
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8 Terms

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0.005 of Net Sales

EAR limit relating to goods

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0.01 of Net revenues/receipts

EAR limit relating to services

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Outright expense; or Amortized over 5 years or longer

R&D can be non capitalized, what option taxpayers have?

4
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20% of gross receipts before VAT

Allowable deduction relating to SC & PWD discounts

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