• CARF permits payments under employee profit-sharing plans for deduction: Update from International Expansion Team
  Employers can claim deduction for corporate income tax purposes for the payments made to employees through profit-sharing plans, regardless of their designation or participation and approval from Labour Unions as long as they comply with the general tax requirements for expenses to be deductible, reveals the ruling published by the first section fourth chamber of the Administrative Tax Appeals Council on March 6.
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