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Corrupt DJP Corporation, a construction firm, recently won as highest bidder in a government infrastructure project. In connection with this, Corrupt DJP Corporation paid Php
Corrupt DJP Corporation, a construction firm, recently won as highest bidder in a government infrastructure project. In connection with this, Corrupt DJP Corporation paid Php 5,000,000 to certain public officials to facilitate the bidding process and ensure that the project will be awarded to them. Now, Corrupt DJP Corporation wants to include said amount in its deductible expenses upon filing of its income tax return. Is the amount includible in allowable deductions?
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