Release of inter-company debt
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creight
Apprentice
Joined: 04 Sep 2007
Posts: 7
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 Posted: 03/09/08 - 06:30 Post subject: |
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| What is inter-company dept and how is it treated? Is there a chance for it to be released? What is the procedure? I understand that the definition of inter-company debt is very complex and that I can fail in explaining it but I need some clarification. Does that release means that there are some tax facilities? |
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arnold
Apprentice
Joined: 26 Jan 2006
Posts: 4
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| Posted: 04/08/08 - 02:13 Post subject: |
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| Intercompany debt is a thing that has to be repaid. It usually borrowed form parent companies or familiar ones so it is huge and complex procedure. I am not sure that I can explain it properly. That debt can be on domestic and international basis but the release can occur if the borrower decides to charge off the debt or certain amount. |
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