Under the 1997 National Internal Revenue Code (NIRC), as amended, Section 34 mentions several things that could be used as tax deduction. In that section interest expense is included but Revenue Regulation 13-2000 implements how it should be used as deduction. Arbitrage limit is implemented as it limits the tax savings of taxpayers.

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Tax Deductions Under Section 34
EAR Expense - [ Ссылка ]
Depreciation Expense - [ Ссылка ]
Charitable Contributions - [ Ссылка ]

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Timestamps:
00:00​ Intro
00:27​ Interest Expense Explained
00:41​ Requisites of Deductibility
01:56​ Tax Arbitrage Explained
02:22​ Illustrative Problem
03:21​ Tips in Claiming
03:36​ Conclusion
04:00 Outro

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Hashtags
#interestexpense #taxdeduction #incometax #lecture #taxcode #revenueregulation #bir #section34

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Disclaimer:
This video is mainly for academic purposes and is not a substitute in doing your due diligence. For highly technical tax issues, you are advised to seek professional assistance or contact BIR for proper tax compliance.

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