WHAT IS THE DIFFERENCE BETWEEN TAX EXEMPTION AND TAX HOLIDAY?
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TAX EXEMPTION
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Tax exemption can be withdrawn at any time. but tax holiday period can not be reduced.
A tax holiday is a temporary reduction or elimination of a tax for a particular period. Governments usually create tax holidays as incentives for business investment. ...
Tax exemption - immunity from an obligation to pay taxes, in whole or in part.
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