Question: As a result of the fire, ABC Corp. lost Php 5M in total. The loss should be reported to the BIR O within 45 days

As a result of the fire, ABC Corp. lost Php 5M in total. The loss should be reported to the BIR O within 45 days from date of event O within 45 days from date of discovery of loss Can claim the loss outright O Need not report the loss if there are evidence

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