A “below-market loan” is a loan on which no interest is charged or on which interest is charged at a rate below the applicable federal rate (AFR). A gift or demand loan that is a below-market loan is generally considered an arm’s-length transaction in which you, the borrower, are considered as having received both of […]
Month: December 2020
Inauguration and Orientation of the Area Councils
The Three (3) Subdistrict Structures which augment the Assembly’s effort at deepeneing participation at the local level to ensure sustainable development.