Calamity losses as tax deductions
Credit to Author: Euney Marie Mata-Perez| Date: Wed, 05 Feb 2020 16:46:11 +0000
In last week’s article, we discussed that, under our National Internal Revenue Code, as amended (Tax Code), and existing regulations, donations in excess of P250,000 in any taxable year shall be exempt from donor’s tax if they are made to the national government, or any of its agencies or instrumentalities, such as the Department of […]
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