Corporate Income Tax(CIT)
1 articles
Corporate Income Tax(CIT)
Accounting for Gifted Goods: Essential Tax Regulations Businesses Must Know
In the course of business operations, gifting goods to customers, partners, or employees is a very common practice: customer appreciation, Lunar New Year gifts, promotional gifts, internal gifts, etc.However, if accounting and tax declarations are not handled correctly, businesses may face risks such as disallowed expenses, back taxes on VAT and CIT during tax finalization. […]