INTERNATIONAL TAX PLAZA - Policy disallowed expense

Details: Published: 02 February 2022

‘Policy disallowed expense’ means:

(i) an expense accrued by the constituent entity for illegal payments, including bribes and kickbacks; and

(ii) an expense accrued by the constituent entity for fines and penalties that equal or exceed EUR 50 000 or an equivalent amount in the functional currency in which the financial accounting net income or loss of the constituent entity is computed.

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