Post by rakhirani on Mar 6, 2024 4:54:03 GMT -5
Promotional costs can be included in tax costs but representation costs cannot. For gifts to be in the form of advertising they must contribute to generating income guarantee or secure asource of income . This is provided for in the PIT and CIT Acts. the purchase of gifts may be included in tax costs provided that the expenses were incurred in order to generate revenue or maintain or secure a source of revenue . Representation aims to build the companys prestige. No act specifies its definition so it is difficult for entrepreneurs to determine whether a given expense may constitute a taxdeductible expense or not.
Therefore the position of the Director of the Tax Chamber Brazil Mobile Number List in Warsaw in the letter of May No. IPPBKR can be treated as an interpretation Unless the gadgets and gifts marked with the company logo listed in the application are of a representative nature in the sense presented above they may be included in taxdeductible costs pursuant to Art. section of the Income Tax Act. However if the Applicant provides materials of higher value to selected customers or potential customers even though they will be marked.
With the company logo when the purpose of the expense is to create a positive image of the company and build appropriate relationships with customers such expenses will be representative in nature and as a result based on art.of the Corporate Income Tax Act cannot be considered as taxdeductible costs Online payments for your business Register and activate the Autopay payment gateway Start collecting payments Taxdeductible gifts Gifts should be of low value bear the company logo and be given for advertising purposes.
Therefore the position of the Director of the Tax Chamber Brazil Mobile Number List in Warsaw in the letter of May No. IPPBKR can be treated as an interpretation Unless the gadgets and gifts marked with the company logo listed in the application are of a representative nature in the sense presented above they may be included in taxdeductible costs pursuant to Art. section of the Income Tax Act. However if the Applicant provides materials of higher value to selected customers or potential customers even though they will be marked.
With the company logo when the purpose of the expense is to create a positive image of the company and build appropriate relationships with customers such expenses will be representative in nature and as a result based on art.of the Corporate Income Tax Act cannot be considered as taxdeductible costs Online payments for your business Register and activate the Autopay payment gateway Start collecting payments Taxdeductible gifts Gifts should be of low value bear the company logo and be given for advertising purposes.