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The objective of this Public Ruling (PR) is to explain -. the tax treatment of entertainment expense as a deduction against gross income of a business; and. steps to determine the amount of entertainment expense allowable as a deduction. Relevant Provisions of the Law.
Term Meaning Entertainment Includes: (a) the provision of food, drink, recreation or hospitality of any kind; or (b) the provision of accommodation or travel in connection with or for the purpose of facilitating entertainment of the kind mentioned in paragraph (a) above,
This ruling explains: the tax treatment of entertainment expense as a deduction against gross income of a business; and. steps to determine the amount of entertainment expense allowable as a deduction. The related provisions are section 18, subsection 33(1) and paragraph 39(1)(l) of the Income Tax Act 1967 (ITA).
The objective of this Public Ruling (PR) is to explain -. (a) the tax treatment of entertainment expense as a deduction against gross income of a business; and (b) steps to determine the amount of entertainment expense allowable as a deduction. Relevant Provisions of the Law.
A Public Ruling is issued for the purpose of providing guidance for the public and officers of the Inland Revenue Board. It sets out the interpretation of the Director
3.1 “Entertainment” includes: the provision of food, drink, recreation or hospitality of any kind; or. the provision of accommodation or travel in connection with or for the purpose of facilitating entertainment of the kind mentioned in paragraph (i) above,
11 lip 2022 · The objective of this Public Ruling (PR) is to explain the tax treatment of entertainment expense as a deduction against gross income of a business and steps to determine the amount of entertainment expense allowable as a deduction.
