Currently there are many questions. And concerns regarding whether sponsorship.charity.and disaster relief support. Can be included in taxable expenses for businesses or not.
In the following article. Misa meinvoice would like to note some .important points to ensure that the costs. Of sponsorship charity.and relief are included in reasonable. Expenses according. To the provisions of law.table of contents hide.
1. Are charitable donations deductible when calculating corporate income tax?
2. Valid documents identifying the sponsorship and charity
Disaster recovery funding includes:
The dossier identifying funding for disaster recovery includes
3. Which account is the charitable donation recorded in?
3.1 Accounting for charity expenses, cash sponsorship
3.2 Accounting for charity costs, sponsorship with goods
3.3 Accounting for charity and service sponsorship costs
1. Are charitable donations dedu india telegram data ctible when calculating corporate income tax?
Pursuant to Article 4 of Circular 96/2015/TT-BTC dated June 22, 2015 of the Ministry of Finance amending and supplementing Article 6 of Circular No. 78/2014/TT-BTC, it is stipulated as follows:
Circular No. 96/2015/TT-BTC dated June 22, 2015 of the Ministry of Finance guiding on corporate income tax
Document Circular No. 96/2015/TT-BTC dated June 22, 2015 of the Ministry of Finance guiding on corporate income tax in Decree No. 12/2015/ND-CP dated February 12, 2015 of the Government ( Download to see full document )
At the same time, according to Clause
3, Article 12 of Decree 78/2021/ND-CP of the Gov the innovator’s dilemma ernment, it states:
Document of Decree No. 78/2021/ND-CP issued on August 1, 2021 of the Government on the establishment and management of the Natu job data ral Disaster Prevention and Control Fund
Document of Decree No. 78/2021/ND-CP issued on August 1, 2021 by the Government on the establishment and management of the Natural Disaster Prevention and Control Fund ( Download to see full document )
Thus, according to the above regulations
Expenses when enterprises contribute .sponsor or support charity in the form of cash donations. Or purchase of charity goods and objects. Will be included in deductible expenses. When determining taxable income for corporate. Income tax (cit) in cases where the following.
Organizations and businesses support and donate voluntarily
Satisfy the conditions for deductible expenses for corporate income tax as prescribed in Article 6 of