Showing posts with label Non Deductible Taxes. Show all posts
Showing posts with label Non Deductible Taxes. Show all posts

Tuesday, June 24, 2014

Taxes that are Not Deductible for Taxation Purposes

All taxes are deductible except:

1. Income Tax
2. Estate Tax
3. Energy Tax
4. Special Assessment Tax
5. Value Added Tax
6. 10% penalty tax on undue accumulation of profit
7. Amnesty tax
8. Penalty 25% surcharge; 50% surcharge & compromise payment.