Post by joita9865 on Oct 25, 2023 4:18:59 GMT -5
First of all, whether it will be possible to recognize the cost at all depends on the chosen form of income taxation. Form of taxation Settlement of costs of obtaining income Tax scale YES Flat tax Flat-rate income tax NO So we see who has the right to settle the costs of obtaining revenues, these will be entrepreneurs who have chosen the general principles and run PKPiR . Cost definition Before we discuss the main topic, let us recall the definition of tax-deductible costs, which appears in the Personal Income Tax Act.
In general, one may be tempted to say that a cost is anything that does not fall within Art. of the PIT Act and philippines photo editor the entrepreneur is able to defend the incurred expense before the tax office. Revenue-deductible costs are costs incurred in order to generate revenue or maintain or secure a source of revenue, with the exception of the costs listed in Art. of the Personal Income Tax Act The cost must be related to the business activity The cost must be final and therefore cannot be refunded in any form The cost must be properly documented.
Each expense must be individually assessed in terms of qualifying as tax-deductible costs Therefore, we can see that an entrepreneur cannot freely include costs in his business. Each document that is the basis for accounting in PKPiR should be analyzed and meet the above assumptions. Snacks for employees in tax deductible costs? The PIT Act does not provide much information on specific tax-deductible costs.
In general, one may be tempted to say that a cost is anything that does not fall within Art. of the PIT Act and philippines photo editor the entrepreneur is able to defend the incurred expense before the tax office. Revenue-deductible costs are costs incurred in order to generate revenue or maintain or secure a source of revenue, with the exception of the costs listed in Art. of the Personal Income Tax Act The cost must be related to the business activity The cost must be final and therefore cannot be refunded in any form The cost must be properly documented.
Each expense must be individually assessed in terms of qualifying as tax-deductible costs Therefore, we can see that an entrepreneur cannot freely include costs in his business. Each document that is the basis for accounting in PKPiR should be analyzed and meet the above assumptions. Snacks for employees in tax deductible costs? The PIT Act does not provide much information on specific tax-deductible costs.