For estimated tax purposes, the year is divided into four payment periods.
The borrower is still responsible for interest that builds up over the length of the payment period.
By 2020, the payment period would be increased to 42 years.
The interest rate must necessarily coincide with the payment period.
If not, either the payment period or the interest rate must be modified.
Unlike an outright purchase, you'll have no equity in the vehicle at the end of the payment period.
A fixed period of 30 days is proposed as the payment period.
We are also introducing payment periods into public procurement contracts.
Excessive payment periods and late payments have become a nightmare for businesses.
My group would also like to do something to improve payment periods for public contracts.
