-KDIPT MAP the case of reimbursement of costs incurred to increase the value of a fixed asset was described. The applicant was of the opinion that such a refund would constitute neither tax revenue r tax expense for him and the Director of the National Tax Information agreed with him. In his justification he cited among others according to the provisions of Art. section point which states that the reimbursement of expenses for the purchase of a fixed asset does t allow for the recognition of depreciation on this part.
KDIB MMU refers to the received subsy for the purchase of a fixed asset and also in this case philippines photo editor in the justification the Director of the National Information System refers to a provision which clearly states that depreciation deductions in this part will t be tax deductible. Summary The funds received from subsies for starting a business will undoubtedly constitute a significant financial injection for the new company. In such cases the legislator deced that they may benefit from income tax exemption but depreciation deductions.
On such funds cant be included in tax-deductible costs. For the entrepreneur this is a tax-neutral transaction - he will t pay tax on the subsy but he will also t include depreciation deductions in his costs. If the purchase is co-financed the costs will include the part that was covered from the entrepreneur's own funds. Share with others Up Previous article Is there any remuneration for unfinished work? Next article Facilitations in employing foreigners - draft act Clause disclaimer on ifir.
發表於 15:40:13
