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Latest revision as of 14:09, 27 September 2026

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Since you are not paying it, cibai it will be counted as taxable income. There a interlink in between your debt settlement option for your consumers along with the income tax that the creditors pay to the govt. Well, are you wondering when thinking about the creditors' taxes? That is normal. The creditors are profit making organizations then they make profit in form of the interest that they receive from customers. This profit that they make is actually the income for your creditors so that they need pay out taxes for the income.

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