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MD.060/70 FUNCTIONAL & TECHNICAL DESIGN DOCUMENT Exempt Time card 1 Daily Entry in Hours Prepared by: Functional: Cheri McKenna Technical: Venue Bijumalla Creation Date: Last Updated: Last Updated
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What is md60 and md70?
{"md60":"MD60 is a form used to report certain financial transactions conducted with related parties, including transactions exceeding 50,000 EUR.", "md70":"MD70 is a form used to report investments made by a taxpayer in foreign countries, including investments exceeding 50,000 EUR."}
Who is required to file md60 and md70?
{"md60":"Taxpayers who conduct financial transactions with related parties exceeding 50,000 EUR are required to file MD60.", "md70":"Taxpayers who make investments in foreign countries exceeding 50,000 EUR are required to file MD70."}
How to fill out md60 and md70?
{"md60":"MD60 should be filled out with detailed information about the financial transactions with related parties, including the amounts and nature of the transactions.", "md70":"MD70 should be filled out with details of the investments made in foreign countries, including the types of investments and amounts."}
What is the purpose of md60 and md70?
{"md60":"The purpose of MD60 is to prevent tax evasion and ensure transparency in financial transactions with related parties.", "md70":"The purpose of MD70 is to monitor and regulate investments made by taxpayers in foreign countries."}
What information must be reported on md60 and md70?
{"md60":"On MD60, taxpayers must report detailed information about financial transactions with related parties, including the amounts, nature, and parties involved.", "md70":"On MD70, taxpayers must report details of investments made in foreign countries, such as types of investments, amounts, and countries where the investments were made."}
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