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231D. Procedure for group taxation under section 59AA.(1) For the purposes of this rule, a 100% owned company shall be a subsidiary company where another company, herein referred to as holding company,
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The procedure for group taxation is a method used to calculate and pay tax for a group of companies as a single entity.
Companies that are part of a group and meet the eligibility criteria are required to file procedure for group taxation.
To fill out a procedure for group taxation, companies need to provide detailed financial information and meet the requirements set by the tax authority.
The purpose of the procedure for group taxation is to simplify the tax assessment and payment process for companies that are part of a group.
Companies need to report financial information such as consolidated income, expenses, and assets of the group on the procedure for group taxation.
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