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of <h1>Tax Rules for Trade Associations: General Surpluses Non-Taxable, Specific Service Income Taxable, Related Expenses Deductible.</h1> Trade and professional associations, which aim to protect or advance the common interests of traders or professionals, are subject to specific tax rules. Surpluses from general activities, such as entrance fees, are not taxable, and related general expenditures cannot be deducted from taxable income. However, income generated from specific services provided to members is taxable, and expenses incurred to earn this income are deductible.
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