Conditions and activities for finance company located in any International Financial Services Centre for section 177
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....national Financial Services Centre shall only carry out one or more of the following activities, namely:- (a) lending in the form of loans, commitments and guarantees, credit enhancement, securitisation, or financial lease; or (b) factoring and forfaiting of receivables; or (c) functions of Global or Regional Corporate Treasury Centre such as borrowings, lending, hedging....
TaxTMI