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Possibilities to write off debts without tax burden (2023)

Writer: Laila Kelmere
Laila Kelmere
3 days ago
1 min read

A company can choose to sell a product or provide a service and receive payment for it later, which means that the company has a debtor. If the debtor does not make payment on time, the company incurs additional costs related to debt recovery, and if the debt is not recovered, it must pay additional corporate income tax (CIT). How to successfully monitor debtors to avoid such a situation?


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