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of <h1>Civil Defense Expenditure by Businesses Now Deductible as Revenue Expense, Even in Non-Emergency Situations per Board's Guidelines.</h1> Expenditure on civil defense measures by business concerns should be treated as revenue expenditure and allowed as deductions for tax purposes. Initially, this treatment was limited to expenses incurred during emergencies. However, it is now recognized that planning and implementing civil defense measures is necessary even in non-emergency times to ensure preparedness. Therefore, such expenditures, when deemed reasonable, will be allowable as revenue expenditure regardless of whether an emergency exists, according to the guidelines specified in the referenced Board's circular.
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