Professional Documents
Culture Documents
2. Taxable Income income for the period determined in accordance with the rules established by the
tax authorities (BIR)
FINANCIAL INCOME
+/- Permanent Differences
Income SUBJECT to tax
+/- Temporary Differences
TAXABLE INCOME
Tax Rate
Current Income Tax Expense
Timing Differences
Deferred Tax Asset
b. Litigation Loss
b) Accelerated Depreciation
c. Research Cost
c) Development Cost
d. Impairment Loss
d) Prepaid Expenses
D. Accounting Procedures
- OR
xxx
xxx
xxx
xxx
(xxx)
xxx
ADDENDUM:
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