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Post by account_disabled on Dec 7, 2023 4:19:47 GMT -5
What is a Loan Agreement? What is a free service? A summary of the National Director of Tax Information's position on the latest tax interpretations Subscribe to our newsletter to receive new knowledge from the world of accounting business and technology every week. Only valuable information. Enter your email address* I accept the regulations and subscribe to the newsletter containing information about products and services. * Register If you want to know whether an interest-free loan concluded between two natural persons for example between two colleagues will generate free benefits and require personal income tax. On the lender's unpaid interest income please read this article. What is a loan agreement? Pursuant to the provisions of the Act - Civil Code in particular Art. Article: By means of a loan agreement the lender undertakes to of money or an object marked only of its philippines photo editor type and the borrower undertakes to return the same amount of money or the same amount of an object of the same kind and of the same quality. Loan agreements with a value exceeding PLN require a documented form . The parties to the loan agreement are the lender and the borrower . In a loan agreement the lender promises to transfer ownership to the borrower of a specific amount of currency or an item indicating only its type and the borrower's obligation is to return the same amount of currency or the same number of items. Same variety same quality.
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