Home » TAX MATTERS: Recoverability of bad debts

TAX MATTERS: Recoverability of bad debts

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Businesses are facing significant and unprecedented challenges caused by the Covid-19 pandemic and economic backlash. One of the main challenges is that both businesses and clients have not only fallen into debt but have defaulted on payments and are currently unable to timeously settle their debts. Bad debts or irrecoverable debts are one of the…

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