Bilateral credit definition

Bilateral credit means credit in respect of foreign tax which, by virtue of any arrangements having effect under section 132 of the ITA 1967, is to be allowed as a credit against Malaysian tax.
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Examples of Bilateral credit in a sentence

  • Bilateral credit cannot be awarded if there is CTAG credit available through the WebXam/End-of-Course Assessment.

  • Bilateral credit cannot be awarded if there is CTAG credit available through the WebXam/End- of-Course Assessment.