Intangible Asset
What is Intangible Asset ? An identifiable non-monetary asset without physical substance (MFRS 138) The existence of such assets may be indicated by legal documents that describe their rights The…
SPECIAL DEDUCTION FOR RENTAL REDUCTION
What is Rental Income Tax Rental Income applies to both residential and commercial properties, and even certain machinery and ships, which also known as movable properties. A rental income tax…
Interest expense and interest restriction Under Public Ruling No. 2/2011
What is interest? “Interest” is the return or compensation for the use or retention by a person of a sum of money belonging to or owed to another. Tax treatment…
