1. Business entertainment expenses related to the production and operation activities of the enterprise shall be deducted according to 60% of the amount incurred, but the maximum amount shall not exceed the sales income of the current year. For enterprises engaged in equity investment business (including group company headquarters and venture capital enterprises, etc.). ), business entertainment expenses can be deducted according to the prescribed proportion.
3. During the enterprise preparation period, the business entertainment expenses related to the preparation activities can be included in the enterprise preparation expenses according to 60% of the actual amount, and deducted before tax according to relevant regulations.
Two, the business entertainment expenses incurred by enterprises should be related to the production and business activities of enterprises.
In reality, some enterprises, regardless of whether it is related to production and business activities, take all the meal expenses to the enterprise for reimbursement. For example, some enterprises include the expenses of employees' meals in the enterprise management expenses; In addition, business owners, regardless of public or private interests, also reimburse themselves and their families for their daily meals, and financial personnel clearly mark the accounting treatment, which increases the risk of being audited by tax.
It is common for business owners to reimburse enterprises for personal expenses, but the financial personnel of enterprises should do a good job of accounting. Of course, it is best for business owners to distinguish between public and private, otherwise it will embarrass financial personnel.
Three, enterprises should obtain legal cost invoices when collecting meals. According to the policy of pre-tax deduction of enterprise income tax, enterprises can only be charged before tax if they obtain the vouchers (invoices) that meet the pre-tax deduction of income tax, and they need to obtain them before May 3 1 of the following year, otherwise they cannot be deducted before tax and need to be adjusted.
In reality, we have all encountered the situation that hotels are unwilling to invoice their guests, and some friends have asked similar questions, but in any case, we still need to obtain legal and compliant invoices for meals, otherwise we can't deduct them before income tax.
4. What is the principle of deducting business entertainment expenses before income tax? We know that there are two standards for pre-tax deduction of corporate hospitality income tax, that is, 60% of the actual amount is deducted, whichever is the lower sales income in that year. In other words, the lower of these two standards will be the expense and deduction standard.
For example, an enterprise's annual business hospitality is 6.5438+0 million yuan, and its annual sales income is 50 million yuan. Then deduct 60% of the actual amount before tax, and charge 600,000 yuan; If deducted according to the sales revenue, it should be 250 thousand yuan. Therefore, the amount deducted before enterprise income tax is 250,000 yuan.
In addition, if the enterprise has not obtained business income, the business entertainment expenses incurred by the enterprise cannot be deducted before income tax according to the principle of lower; Unless it is the business entertainment expenses related to the preparation period of the enterprise, it can be included in the preparation expenses according to 60% of the actual amount, and deducted before tax according to the regulations.
In short, the amount of meal expenses deducted before income tax is directly related to the actual amount of business entertainment expenses and the business scale of the enterprise. Of course, we must also obtain legal invoices that can be deducted before income tax.