Tax Credit翻译为“税收抵免”，税收抵免是指准许纳税人将其某些合乎规定的特殊支出，按定比例或全部从其应纳税额中扣除，以减轻其税负。

常见的税收抵免一般有两类，投资抵免（investment tax credit/ITC）和国外税收抵免（foreign tax credit）。

Investment tax credit是指允许纳税人将定比例的设备购置费从其当年应纳公司所得税税额中扣除。这相当于政府对私人投资的补助，故投资抵免也被称为“投资津贴”。投资抵免的目的在于刺激民间投资，促进资本形成，增加经济增长的潜力。

Foreign tax credit常见于国际税收业务中，即纳税人在居住国汇总计算国外的收入所得税时，准予扣除其在国外的已纳税款。

税收抵免的特点如下：

1.税收抵免只适用于居住国（即输出国）实行居民管辖权的国家使用，如果居民国采用来源地税收管辖权，那么就不适用税收抵免。

2.允许纳税人抵免的税额有限度。

3.税收抵免法是对来源地税收管辖权（source jurisdiction）和居民税收管辖权（domiciliary jurisdiction）两种管辖权矛盾的一种调和。

参考双语例句：

Upon the adoption of amendments to HKAS 12, the deferred tax liability in respect of revaluation of investment properties at 1 January 2011 and 31 December 2011 has been restated from $16,967,000 to $13,283,000 and $22,632,000 to $14,674,000 respectively, deferred tax assets in respect of tax losses at 1 January 2011 and 31 December 2011 have been restated from $3,183,000 to nil and $7,452,000 to nil respectively, deferred tax liabilities in respect of depreciation allowances in excess of the related depreciation at 1 January 2011 and 31 December 2011 have been restated from $12,450,000 to $12,951,000 and $13,456,000 to $13,962,000 respectively, the deferred tax expense in respect of the net valuation gain of investment properties for the period ended 30 June 2011 has been restated from $3,214,000 to $789,000 and the deferred tax credit in respect of tax losses for the period ended 30 June 2011 has been restated from $2,425,000 to nil.

采用香港会计准则第12号修订后，于2011年1月1日及2011年12月31日的投资物业重估之递延税项负债分别由16,967,000元重列至13,283,000元及22,632,000元重列至14,674,000元，于2011年1月1日及2011年12月31日的税务亏损之递延税项资产分别由3,183,000元重列至零元及7,452,000元重列至零元，于2011年1月1日及2011年12月31日的超过有关折旧的折旧免税额之递延税项负债分别由12,450,000元重列至12,951,000元及13,456,000元重列至13,962,000元，截至2011年 6月30日止期间的投资物业估值收益净额之递延税项费用由3,214,000元重列至789,000元，以及截至2011年6月30日止期间的税务亏损之递延税项抵免由2,425,000元重列至零元。

In the US, a major part of renewable energy incentives come in the form of corporate tax credits, with the Federal PTC (Production Tax Credit) being one of the more important US subsidy programs.

在美国，可再生能源激励机制主要采取企业税抵免的形式，如联邦PTC（生产税抵免）就 是美国比较重要的补贴计划之一。