2014-04-15 15:39:33

In the case where businesses’ account receivable, note receivable or any other item of uncollected credit is wholly or partially uncollectible due to the settlement of court disputes, the related bad debt loss cannot be recognized if the documents or settlement agreement notarized by court or witnessed by a lawyer or accountant are not in accordance with the court ruling or mediation record from court, chamber of commerce or industrial association, which should be acquired according to Article 94 of The Guidelines for Examination of Profit-seeking Enterprise Income Tax.