About this document
Tax Relief for Casualty Losses in the Philippines by Lizabeth Peña is a document available to read on EtoBox.
The document discusses tax relief for casualty losses due to recent typhoons in the Philippines, allowing deductions for property used in business that has been damaged. To qualify, taxpayers must comply with BIR requirements, including filing a Sworn Declaration within 45 days of the loss. Additionally, losses from 2020 to 2021 can be carried over as deductions for the next five years under the Bayanihan to Recover as One Act.
- Author
- Lizabeth Peña
- Language
- EN