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Saturday, 1 April 2023

Tags: allowable depreciation

RMC No. 2-2013: Clarification on Deductibility of Expenses Relating to Purchase of Vehicles

Posted on January 29, 2013 by Orlando Calundan | 0 Comments
On December 28, 2012, the Bureau of Internal Revenue issued Revenue Memorandum Circular No. 2-2013 clarifying certain provisions of RR No. 12-2012 on the deductibility of depreciation expenses related to purchase of vehicles and other expenses related thereto and the…
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RR No. 12-2012 Deductibility of Depreciation and Other Related Expenses of Vehicles

Posted on December 23, 2012 by Orlando Calundan | 0 Comments
Revenue Regulations (RR) No. 12-2012, dated October 12, 2012, prescribes the rules on the deductibility of depreciation expenses as it relates to purchase of vehicles and other expenses related thereto, and input taxes allowed therefor. Read also Revenue Memorandum Circular…
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