Post by rakhirani on Mar 6, 2024 2:25:10 GMT
Some companies decide to add small gifts to each order others select a narrow group of customers and give them more valuable Christmas gifts. Some people also decide to send gifts to contractors to strengthen relationships between cooperating companies. What can and cannot be deducted The possibility of settling expenses incurred for purchasing gifts as corporate costs depends on their nature the group of recipients and above all their value. A distinction must be made between costs aimed at promotion costs aimed at representation. Promotional costs can be included in tax costs but representation costs cannot.
For gifts to be in the form of advertising they must Brazil Mobile Number List contribute to generating income guarantee or secure a source 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 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.
For gifts to be in the form of advertising they must Brazil Mobile Number List contribute to generating income guarantee or secure a source 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 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.