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gifts to employees

This topic has 1 reply, 2 voices, and was last updated 4 years ago by Tax Tutor.

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August 26, 2020 at 4:59 pm #582190
Noah098
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Hello sir,
Sir gifts of food, tobacco or drink are allowable expenses for the company if gifted to employees??
August 30, 2020 at 9:59 pm #582790
Tax Tutor
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Yes – as these amounts should be included as assessable benefits to the employees and included in their figures of employment income
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