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English
Last updated at

Tue, 31-Jan-2023
Level
Advanced
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0
Total duration

00:00:00 Hours
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  • The interest paid on loans and advances from related entities is not tax deductible to the extent that the total amount of loans/advances exceeds four times the amount of equity during the tax period. For purposes of determining the above, equity excludes provisions and reserves. This provision does not apply to commercial banks, financial institutions, and insurance companies.