TAX NEWS NO: 2013/6
May 21, 2013
Rediscount may be applied to post-dated checks.
Tax Procedures Law Circular numbered 64 which includes explanations related to post-dated checks that they may also be subject to rediscount, has been published by the Revenue Administration.
According to the aforementioned circular, post-dated checks may utilize the rediscount application that is prescribed to be applied for receivables and payables attached to undue bills on the day of valuation.
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