He wrote among others In the case of entrepreneurs who have chosen a lump sum the costs of obtaining income are only hypothetical if the taxpayer had chosen a different form of taxation. Therefore in the opinion of the KIS Director the reimbursement of incurred expenses will concern costs that in accordance with tax regulations may be included in tax-deductible costs if the entrepreneur chose a different form of income taxation.
Therefore in the opinion of the KIS Director such sum income. It should be taken into account that this is an interpretation philippines photo editor issued in an individual case and its decision seems to be somewhat controversial in the context of applicable regulations. In another interpretation number -KDIB - . . . . .APA of June a question was asked regarding the inclusion of compensation under an AC policy in income at the rate of.
The case concerned a situation in which an entrepreneur uses passenger cars in a mixed manner in his business activities and therefore has the right to include of the amounts spent in tax-deductible costs. In the Applicant's opinion in such a case taxable income should include of the compensation received. However the Director of KIS had a different opinion and considered the Applicant's position incorrect. The justification stated among other things that the amount of money received from the insurer will constitute compensation constituting.