Post by joita9865 on Oct 25, 2023 5:44:01 GMT
The Large Family Card grants discounts to members of large families. Can the purchase of a Large Family Card with a discount be included in company costs? Large Family Card and company costs - issues discussed Can a purchase with a Large Family Card be included in business expenses? Discount on the Large Family Card and VAT deduction No obligation to issue an invoice for the use of the Large Family Card.
Purchase with a KDR discount in company costs - summary Can a purchase with a Large Family Card be philippines photo editor included in business expenses? Company purchases for which the entrepreneur received a discount under the Large Family Card KDR can be included in tax deductible costs in PIT. Of course, if the purchase will be used in business activities and meets the definition of tax-deductible costs . Any doubts on this topic are dispelled by the Information of the Ministry of Finance of May , . We read in it that " ... under the PIT Act, tax-deductible costs are considered to be costs incurred in order to generate revenue or maintain or secure a source of revenue, with the exception of the costs listed in Art. of the Personal Income Tax Act.
The fact that a taxpayer incurs an expense using the Large Family Card does not automatically exclude this expense from tax-deductible costs. For an expense to be included in tax-deductible costs, there is a significant causal relationship, even an indirect one, between the expense incurred and obtaining revenue or maintaining or securing a source of revenue.
Purchase with a KDR discount in company costs - summary Can a purchase with a Large Family Card be philippines photo editor included in business expenses? Company purchases for which the entrepreneur received a discount under the Large Family Card KDR can be included in tax deductible costs in PIT. Of course, if the purchase will be used in business activities and meets the definition of tax-deductible costs . Any doubts on this topic are dispelled by the Information of the Ministry of Finance of May , . We read in it that " ... under the PIT Act, tax-deductible costs are considered to be costs incurred in order to generate revenue or maintain or secure a source of revenue, with the exception of the costs listed in Art. of the Personal Income Tax Act.
The fact that a taxpayer incurs an expense using the Large Family Card does not automatically exclude this expense from tax-deductible costs. For an expense to be included in tax-deductible costs, there is a significant causal relationship, even an indirect one, between the expense incurred and obtaining revenue or maintaining or securing a source of revenue.