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Understanding Accounts Payable AP With Examples and How To Record AP These two concepts are essentially mirror images, reflecting the credit extended and received in business-to-business transactions. The difference between accounts payable and accounts receivable (AR) is whether the business owes money or is owed money. Accounts payable focuses on the money your company owes […]
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Local tax benefits are not available as the branch office is taxed as a non-resident entity. In some cases, branch offices may offer tax advantages, particularly if the parent company’s home country has a double taxation agreement with Malaysia. Other types of enterprises will open branch offices as well, but for different reasons. Manufacturers of […]
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