If either the date of an invoice, or the payment date under a written agreement, is earlier than the day the invoice is issued, GST becomes payable
on the earlier date.
Suppliers receive immediate, non-recourse payment from the Trade Payable
service provider enabling them to pay down debt, reduce interest costs and significantly reduce their order-to-cash cycle.
It concluded that a retained annuity payable
for a specified term of years to the grantor (or to the grantor's estate if he or she dies before expiration of the term), is a qualified interest under Sec.
It is essential to be aware that a rental agreement that states only when rent is payable
does not specifically allocate rent within the meaning of the regulations.
As a series of variable-rate receivables and a series of fixed-rate unconditional payables
to be settled by net payments after setoff.
surrender of a right) made by B to A and, if we follow the example in (iv) above, the tax would be payable
by A and be collectible by B on $1 million at the time the credits are used to purchase the new equipment in the year 2003.
AP Tools Suite provides broad, deep resources that help accounts payables
staffs efficiently manage all of these responsibilities.
Thus, the question arises whether the phrase "that is payable
in stock of the issuer or a related party" relates to the phrase "no deduction is allowed for interest or OID" or the phrase "an instrument issued by a corporation.
Consequently, the transition rule relief set forth in Notice 94-22 for approval of performance-based compensation payable
by calendar-year companies was welcomed.
As a comprehensive, services-based solution, ASPEN for Accounts Payable
handles every aspect of an organization's invoice processing, the company says.