contributions / donations by corporation

jerika · 1 contributions / donations by corporation Sun Mar 27, 2011 1:42 pm

jerika

Arresto Menor

Posts : 2
Join date : 27/03/2011

good day po

i would just like to ask about contribution/donation of corporation. it is said that it should not exceed 5% of their taxable income before contributions. what if they have net loss? are they still allowed to deduct? is the 5% rule an absolute amount? thanks

attyLLL · 2 Re: contributions / donations by corporation Sun Mar 27, 2011 4:41 pm

attyLLL

moderator

Posts : 21671
Join date : 12/04/2010
Location : https://www.facebook.com/BPOEmployeeAdvocate/

if an actual donation was made, then i believe it can be deducted, but it can be considered an inofficious donation for being contrary to law.

jerika · 3 Re: contributions / donations by corporation Sun Mar 27, 2011 7:20 pm

jerika

Arresto Menor

Posts : 2
Join date : 27/03/2011

thank you po.

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contributions / donations by corporation

1 contributions / donations by corporation Sun Mar 27, 2011 1:42 pm

jerika

2 Re: contributions / donations by corporation Sun Mar 27, 2011 4:41 pm

attyLLL

3 Re: contributions / donations by corporation Sun Mar 27, 2011 7:20 pm

jerika

4 Re: contributions / donations by corporation

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