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All ▸ Bar 2024 ▸ COMMERCIAL AND TAXATION LAWS ▸ XIII. TAXATION LAW (R.A. No. 8424, as amended by R.A. No. 10963, R.A. No. 11534) ▸ G. Income Taxation ▸ 4. Gross Income ▸ d. Deductions from Gross Income - Sections 34 and 36 ▸ iii. Non-deductible Items

Question

Deductions from Gross Income: Non-deductible Items

Identify whether the following items are deductible or non-deductible from gross income, based on Sections 34 and 36 of the Philippine Tax Code:

  1. Expenses related to illegal activities
  2. Donations to qualified non-government organizations
  3. Penalties and fines imposed by government agencies
  4. Interest on housing loans
  5. Foreign income subject to tax treaty relief


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Bar Review Question: Deductions from Gross Income: Non-deductible Items Identify whether the following items are deduct