Post by joita9865 on Oct 25, 2023 23:15:59 GMT -6
Limitation periods for property claims The limitation period is years Claims related to running a business activity expire after years, while claims arising from sales made within the scope of the seller's business activities expire after years. Receivables arising from the sale of goods and services expire after years from the expiry of the payment deadline on the invoice or concluded contract.
The limitation period ends on the last day of the calendar year, unless the limitation period is shorter than years Loss philippines photo editor on the sale of expired receivables and tax deductible costs Matters begin to become more complicated when receivables are sold, which are time-barred from the point of view of the regulations and therefore cannot be pursued through court and enforcement proceedings. In such a case, revenue from sales will be generated, but it becomes problematic to settle the costs of obtaining revenue.
Which include the original amount resulting from the sales invoice. The Personal Income Tax Act regulates, among others the issue of excluding certain categories of expenses from tax-deductible costs. The PIT Act clearly states that receivables written off as time-barred do not constitute tax-deductible costs Due to the vagueness of other provisions of the Personal Income Tax Act, specifically the provision regarding losses arising from the sale of receivables, entrepreneurs applied for individual tax interpretations.
The limitation period ends on the last day of the calendar year, unless the limitation period is shorter than years Loss philippines photo editor on the sale of expired receivables and tax deductible costs Matters begin to become more complicated when receivables are sold, which are time-barred from the point of view of the regulations and therefore cannot be pursued through court and enforcement proceedings. In such a case, revenue from sales will be generated, but it becomes problematic to settle the costs of obtaining revenue.
Which include the original amount resulting from the sales invoice. The Personal Income Tax Act regulates, among others the issue of excluding certain categories of expenses from tax-deductible costs. The PIT Act clearly states that receivables written off as time-barred do not constitute tax-deductible costs Due to the vagueness of other provisions of the Personal Income Tax Act, specifically the provision regarding losses arising from the sale of receivables, entrepreneurs applied for individual tax interpretations.