Chinese New Year is just around the corner! Are you spending big every year on gifts to maintain good relationships with clients?
Many company expenses come from building and maintaining relationships with clients and employees .
Here’s a secret: These expenses can be eligible for Tax Deductions of up to 50% or even 100%!
These expenses eligible for Tax Deductions
✅ For Employees – 100% Tax Deductible if declared in Form EA.
❌ For Clients – Not Tax Deductible
✅ For Employees – 100% Tax Deductible (considered employee benefits).
✅ For Clients – 100% Tax Deductible (must include your company logo).
– 50% Tax Deductible (if no company logo is included).
✅ For Employees – 100% Tax Deductible (must provide evidence such as photos or a list of attendees on the receipt).
✅ With Suppliers/Clients – 50% Tax Deductible (must provide evidence such as photos or a list of attendees on the receipt).
100% Tax Deductible if declared in Form EA.
Not Tax Deductible
✅ CNY Celebration: Not Tax Deductible, as it is unrelated to business income.
✅ Product Promotion: Tax Deductible if the performance is part of a marketing campaign to promote your products to clients.
(201706002678 & AF 002133)