there is no limit in accounting (except as stipulated by the company).
in taxation, if there is a formal invoice, the part used as social entertainment expenses shall be calculated as follows, and the taxable income of enterprise income tax shall be increased for the overspent part.
Foreign-funded enterprises: Article 22 of the Detailed Rules for Implementation, if an enterprise has incurred social entertainment expenses related to production and operation, it shall have accurate records or documents, which shall be allowed as expenses within the following limits:
(1) If the annual net sales amount is less than 15 million yuan, it shall not exceed 5% of the net sales amount; The part of the annual net sales exceeding fifteen million yuan shall not exceed three thousandths of the net sales; (as long as it refers to the income from paying value-added tax)
(2) If the total annual business income is less than 5 million yuan, it shall not exceed 11% of the total business income; The part of the total annual business income exceeding five million yuan shall not exceed five thousandths of the total business income. (As long as it refers to the income from paying business tax)
Domestic-funded enterprises: Measures for Pre-tax Deduction of Enterprise Income Tax No.84 (2111) Article 43 The business entertainment expenses incurred by taxpayers directly related to their business operations can be deducted according to the facts within the following specified proportions: if the annual net sales (business) income is less than RMB 15 million, it shall not exceed 5 ‰ of the net sales (business) income; If the annual net sales (business) income exceeds 15 million yuan, it shall not exceed 3‰ of this part. (There is no distinction between business tax income and value-added tax income)
In taxation, if there is a formal invoice, which is accounted as employee welfare expenses, together with other welfare expenses, it cannot exceed 1.4% of the salary before tax, and the taxable income of enterprise income tax will be increased if it exceeds the part.