what is the Financial Training Center limited (FTC) known for? what is a example of processing, and communication of Financial Information?
Financial Training Center Limited Financial Training Center Limited (FTC) is a training institution in Dar es Salaam, Tanzania. It provides training in professional qualifications in Accounting, Business Administration, Marketing, Travel, Tourism and Hospitality Studies.
Foreign tax credit A foreign tax credit (FTC) is generally offered by income tax systems that tax residents on worldwide income, to mitigate the potential for double taxation. The credit may also be granted in those systems taxing residents on income that may have been taxed in another jurisdiction. The credit generally applies only to taxes of a nature similar to the tax being reduced by the credit (taxes based on income) and is often limited to the amount of tax attributable to foreign source income. The limitation may be computed by country, class of income, overall, and/or another manner.