OPTIONAL STANDARD DEDUCTION (OSD)
Implementing Regulations on OSD:
BIR issued RR 16-2008 to implement the provisions of RA 9504 pertaining to OSD. This is allowed to individual taxpayers a maximum of 40% deductions from gross sales/receipts.
read full txt... ftp://ftp.bir.gov.ph/webadmin1/pdf/4...%2016-2008.pdf



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