This Article sets out the criteria for deductible expenses, which must be actual, supported by documentation, and related to earning taxable income. It provides specific rules and formulas for deducting loan returns, bad debts, depreciation, school fees, and research and development costs. The Article also details the conditions for deducting employer contributions to retirement and social insurance funds, particularly for capital companies regarding unfunded liabilities.
Article 9 - Deductible Expenses in Determining Taxable Income
The expenses that are deductible in determining taxable income are as follows:
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