Are airfare expenses paid for by company employees using their personal ATM cards considered deductible expenses when calculating corporate income tax?
Answer:
Airfare expenses paid using a personal ATM card are considered deductible expenses for corporate income tax purposes if the following documents are available:
- Flight tickets
- Boarding pass (if the pass is recovered)
- Order to deploy employees for business trips.
- The company's internal regulations should specifically state that employees are allowed to pay for business travel expenses using their personal cards.
- The payment receipt from the business to the individual purchasing the ticket must be accompanied by a non-cash payment receipt from the individual participating in the transportation journey.
Explanation for the above answer:
As instructed in Official Letter No. 3997/TCT-DNL
