Post by account_disabled on Nov 20, 2023 6:57:50 GMT
The purchase of food and beverages, including alcoholic beverages, are not considered tax-deductible costs. The Act does not define what representation is, and individual interpretations regarding including catering services in the costs of operating activities in very similar cases differed significantly. Catering expenses – individual interpretations Therefore, regarding the possibility of including expenses incurred by entrepreneurs as tax-deductible costs for catering services, the purchase of food and beverages served during meetings with contractors, investors and contractors.
The Ministry of Finance issued a general interpretation of November , , ref. no. DD / / /SOH/ /RD- . The Minister of Finance, citing the resolution of seven judges of the Supreme Administrative Court, stated that expenses incurred by entrepreneurs for small philippines photo editor refreshments e.g. cookies, bread sticks, sandwiches , drinks e.g. coffee, tea, mineral water, juices are not excluded from tax-deductible costs. as well as meals e.g. dinners, lunches , regardless of the place of serving at the taxpayer's premises or outside , , investors, contractors, etc.
Regarding the scope of taxpayers' business activities. Moreover, the interpretation indicates that each case should be treated individually, taking into account the conditions and circumstances justifying the expenses incurred. The place where refreshments are served or catering services are provided is not important. The lavishness and splendor of the refreshments is also irrelevant, as there are no standards in this regard. Expenditures on catering, the purpose of which is to create a certain image of the taxpayer and create positive relationships with the participants.
The Ministry of Finance issued a general interpretation of November , , ref. no. DD / / /SOH/ /RD- . The Minister of Finance, citing the resolution of seven judges of the Supreme Administrative Court, stated that expenses incurred by entrepreneurs for small philippines photo editor refreshments e.g. cookies, bread sticks, sandwiches , drinks e.g. coffee, tea, mineral water, juices are not excluded from tax-deductible costs. as well as meals e.g. dinners, lunches , regardless of the place of serving at the taxpayer's premises or outside , , investors, contractors, etc.
Regarding the scope of taxpayers' business activities. Moreover, the interpretation indicates that each case should be treated individually, taking into account the conditions and circumstances justifying the expenses incurred. The place where refreshments are served or catering services are provided is not important. The lavishness and splendor of the refreshments is also irrelevant, as there are no standards in this regard. Expenditures on catering, the purpose of which is to create a certain image of the taxpayer and create positive relationships with the participants.