Newsflash – Significant tax benefits – tax allocation
16.12.2016
As we move closer to the end of the year, many of us are no doubt feverishly preparing for Christmas, but we shouldn’t forget about 20 December, which is an important deadline for taxation. Certain taxpayers who prepare their annual tax return for financial years that match the calendar year have to top up their corporate tax and local business tax advances, both declaring and paying the required amounts. In this context we would like to point out that companies can gain significant tax benefits by supporting particular organisations when topping up their corporate tax advances.
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