Amendment on Bad Debts Deductibility Rules

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Title Supreme Court: Amendment on Bad Debts Deductibility Rules

Law: Bir Regulations No. 25-2002

Decision Date: Nov 19, 2002

BIR Regulations No. 25-2002 amends the requirements for deductibility of bad debts from gross income, stipulating that debts must be valid, uncollectible, and properly documented, particularly for corporations, banks, and insurance companies.

bad debts

tax code

revenue regulations

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