SPECIAL DEPRECIATION Definition

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SPECIAL DEPRECIATION are governmental tax incentive measures intended to help achieve a variety of policy objectives including support for certain regions or certain types of firms by offering tax incentives through depreciation bonuses.

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OUTPUT VAT is VAT on a companys sales. See also VALUE ADDED TAX (VAT).

DEFERRED PAYMENT CREDIT is a type of a letter of credit where payment is made at a specified interval after collection papers are submitted.

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