Generally, provisions are not allowed as deductible expenses for tax purposes. Bad debts written off are allowed as deductible expenses if they relate to income previously declared and all possible steps have been taken to recover the same. The bad debts recovered should be included in the taxable income in the year in which it is recovered.
On 1 February 2023, the Ivory Coast Council of Ministers approved the signing of the OECD-Council of Europe Convention on Mutual Administrative Ass...
Irish Revenue has issued eBrief No. 026/23 concerning updates to Tax and Duty Manual Part 35D-01-01 - Guidance on the Interest Limitation Rule. Th...
According to an update from the Australian Department of Social Services, negotiations for a social security agreement with Bosnia and Herzegovina...
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