Analysis of Entertainment Expenses (Corporate Tax in UAE)
Blog / By Master Consultant
Analysis of Entertainment Expenses (corporate tax in UAE)
According to Article 32 of the Decree-Law, a Taxable Person is permitted to deduct only 50% of any expenses related to entertainment, amusement, or recreation that are incurred during a Tax Period for the purpose of engaging and entertaining customers, shareholders, suppliers, or other business associates. This includes, but is not limited to, expenses associated with the following activities:
• Meals.
• Accommodation.
• Transportation.
• Admission fees.
• Facilities and equipment used in connection with such entertainment, amusement or recreation.
• Such other expenditure as specified by the Minister