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Showing 1–5 of 5 articles for “tax deduction”

Substantiation of Tax Deductions: Proper Documentation Under Philippine Tax Law

Philippine law requires proper documentation for tax deductions, including PWD discounts. Learn the rules and substantiation requirements.

Estate Tax Deductions: Claims Valued at Death, Not Post-Death Settlements

Philippine Supreme Court rules estate tax deductions for claims against the estate are valued at date of death, not reduced by later compromise settlements.

Senior Citizen Discounts: Defining meant only the acquisition cost of medicines, not the full discount amount.

The Issue: Tax Credit vs. Tax Deduction The central legal question was whether the 20% senior citizen discount should be claimed as a tax credit or as a tax de

Advertising Expenses and Tax Deductions: Ordinary vs. Capital Outlay in the Philippines

Philippine tax law on advertising deductions: when a colossal ad spend becomes a capital outlay, not an ordinary expense.

Estate TAX Deductions Allowing Notarial AND Guardianship Fees TO Reduce Taxable Estate Value