Interest Expense Deductibility Rules

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BIR REVENUE REGULATIONS NO. 13-2000: Interest Expense Deductibility Rules

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Title Source: Supreme Court: Interest Expense Deductibility Rules

Law: Bir Revenue Regulations No. 13-2000

Decision Date: Nov 20, 2000

BIR Revenue Regulations No. 13-2000 outlines the requirements for deductibility of interest expenses from gross income for taxpayers engaged in trade or business, specifying conditions such as the necessity of indebtedness, written stipulations, and limitations based on interest income earned.

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