Practice question
A2026 payor failed to withhold on an otherwise fully allowable, substantiated business expense. Explain the EOPT repeal of former Section34(K) and why it neither preserves the old automatic deduction denial nor abolishes separate withholding liability.
Legal references
- RA11976 Ease of Paying Taxes Act: https://lawphil.net/statutes/repacts/ra2024/ra_11976_2024.html Section5.
- BIR RMC60-2024, repeal of old Section34(K): https://bir-cdn.bir.gov.ph/BIR/pdf/RMC%20No.%2060-2024.pdf Current-period treatment and continuing liability.
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