Special Deductions & Non-Deductible Expenses – Third Category Earnings
UNIT 9: LAWS
Special Deductions of the Third Category
Article 87
From the earnings of the third category, subject to the limitations of this law, the following will also be deducted:
- Costs and other expenses inherent to the business.
- Penalties and provisions against bad loans in amounts justified in accordance with industry customs. The General Tax Directorate may establish rules concerning how to make these penalties.
- Expenses of organization. The General Tax Directorate admitted his involvement to the
Special Deductions & Non-Deductible Expenses: A Guide to Category III Earnings
UNIT 9
LAWS
SPECIAL DEDUCTIONS OF THE THIRD CATEGORY
Article 87 – From the earnings of the third category and limitations of this law will also be deducted:
a) The costs and other expenses inherent to the business.
b) The penalties and provisions against bad loans in amounts justified in accordance with the customs of the industry. The General Tax Directorate may establish rules concerning how to make these penalties.
c) The expenses of organization. The General Tax Directorate admitted his involvement
Read MoreThe Modern State and the Struggle for Power
Chapter 13: The Modern State and the Struggle for Power
The Modern State and Its Legitimacy
Weber acknowledges the existence of a modern state with the following features:
- Administrative and legal, subject to change through legislation (legal order).
- Administrative apparatus that handles official business according to legislative regulation (bureaucracy).
- Legal authority over all people.
- Legitimacy for the use of force.
The legal rule is based on the idea of legitimacy. The laws are considered legitimate
Read MoreUnderstanding Insurance Contracts: Types, Features, and Obligations
The Insurance Contract
An insurance contract, whether oral or written (typically referred to as a policy), is an agreement between two or more parties (individuals or legal entities). In this agreement, the insurer agrees to indemnify the insured for a covered loss in exchange for a premium. The policy outlines the terms and conditions of this agreement, including the limits of the insurer’s liability.
Features of the Insurance Contract
- Written: Insurance contracts are typically formalized in a written
Employment Contract: A Comprehensive Guide
UNIT II: THE EMPLOYMENT CONTRACT
Labor and Employment
Employment Contract
Definition: An employment contract is an agreement where a worker performs work or provides a service to an employer under their direction, in exchange for payment.
Characteristics:
- Consensual
- Bilateral
- Onerous
- Commutative
- Not solemn or formal
In the absence of a written or verbal agreement, the contract’s conditions are determined by labor laws, collective agreements, or local customs.
Essential Elements of an Employment Contract
A written
Read MoreEmployment Contract: A Comprehensive Guide
UNIT II: THE EMPLOYMENT CONTRACT
Labor and Employment
Employment Contract
Definition: An employment contract is an agreement where a worker performs work or provides services to an employer under their direction, in exchange for payment.
Characteristics:
- Consensual
- Bilateral
- Onerous
- Commutative
- Not solemn or formal
In the absence of a written or verbal agreement, the contract’s conditions are determined by labor laws, collective agreements, or local customs.
Essential Elements of an Employment Contract
A written
Read More