|
Post by account_disabled on Dec 7, 2023 9:33:21 GMT
Is the money and monetary value received or provided by a taxpayer during the calendar year as well as the value of in-kind benefits and other uncompensated benefits received see.ent subsidies other than those mentioned in Article subsidy . subsidies prizes and other free benefits not included in the income specified in this article. The loan agreement is a free agreement but payments may be required. Payment can be determined in a variety of ways such as in the form of interest expressed in philippines photo editor currency. Forms of equivalent having a specific financial dimension see Supreme Administrative Court resolution year reference number Administrative Court year month day. Reference No. Resolution of the Supreme Administrative Court of the Year Reference No. published by. The Personal Income Tax Act does not define the concept of unpaid benefits but case law indicates that unpaid benefits specifically include any benefit provided to a qualified person such as granting him the use or enjoyment of an asset. We can also talk about free benefits in the case of the abolition of a specific activity of the taxpayer such as the free provision of real estate for commercial purposes see Supreme Administrative Court Judgment No.
|
|