VATupdate

Share this post on

A Christmas gift from a contractor may be tax-inclusive

Expenditures on Christmas gifts for contractors may be tax deductible only if they are not of a representative nature. This means that you cannot deduct the costs of purchasing gift baskets or alcohol. In turn, the recipient of the gift should, as a rule, pay PIT on the gift – the settlement method depends on whether the gift is received by a legal person, an individual entrepreneur or a person not running a business.

Source Prawo.pl

 

Sponsors:

VAT news
VAT news

Advertisements:

  • AXWAY - VATupdate Banner