Tabuk Provincial Hospital, a state hospital, set up a milk storage facility at a total costs of P 1,120,00 Required: Determined the allowable special deductions ANSWER: Nil. Tabuk Provincial Hospital cannot claim deductions since it is non-taxable. However, governmer facilities, establishments, and institutions will receive additional appropriation equivalent to the savings they may derive as a result of complying with RA 10028.
Tabuk Provincial Hospital, a state hospital, set up a milk storage facility at a total costs of P 1,120,00 Required: Determined the allowable special deductions ANSWER: Nil. Tabuk Provincial Hospital cannot claim deductions since it is non-taxable. However, governmer facilities, establishments, and institutions will receive additional appropriation equivalent to the savings they may derive as a result of complying with RA 10028.
Chapter1: Financial Statements And Business Decisions
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Tabuk Provincial Hospital, a state hospital, set up a milk storage facility at a total costs of P 1,120,000.
Required: Determined the allowable special deductions
ANSWER:
Nil. Tabuk Provincial Hospital cannot claim deductions since it is non-taxable. However, government
facilities, establishments, and institutions will receive additional appropriation equivalent to the
savings they may derive as a result of complying with RA 10028.
These savings may come from reduced costs due to absenteeism, increased productivity, reduced
illness of babies, and reduced cost of procurement, sterilization, and management of infant formula
paraphernalia.
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