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Post by account_disabled on Dec 4, 2023 8:28:09 GMT
Section 1 of the Enterprise Income Tax Law stipulates that if the following conditions are met, expenses can be included in deductible costs and borne by the taxpayer. The expenses are final expenses and are incurred to obtain income or maintain or ensure a source of income. That is, there must be a cause and effect between the expenditure and the realization of income. The relationship is such that the expenditure affects, or at least is likely to affect. The creation or increase or maintenance or securing of a source of income - it must be assessed whether the expense is necessary or at least useful in terms of revenue generation The expense, even if it is an indirect expense, is related to Job Function Email List the taxpayer's business activities Expenses are not listed in detail in the catalog that do not constitute tax-exempt expenses. Article 16, paragraph 1, of the Enterprise Income Tax Law. To simplify the above argument. As is the case with other costs, contractual penalties should be related to generating revenue. Incorporating penalties into tax costs that do not show such a link may be challenged by tax authorities. Therefore, in this context, the issue of possible liability of taxpayers becomes particularly important. Tax authorities often claim that tax deductions can only be imposed through no fault of the taxpayer. Unfortunately the tax authorities may selectively.
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