How to Make Company Trips More Tax-Efficient?
Actually, whether it can be tax deductible or not depends on whether the details are clearly specified!
Let's take a look at how Company Trips can be tax deductible.
We often receive invoices from travel agencies, which often do not provide detailed breakdowns of various expenses. They typically only indicate the total cost per person and the number of individuals traveling.
However, if the bosses want to claim tax deductions, they must request the travel agency to itemize the expenses for the company's annual trip. Otherwise, it is usually not eligible for tax deductions.
However, if the bosses want to claim tax deductions, they must request the travel agency to itemize the expenses for the company's annual trip. Otherwise, it is usually not eligible for tax deductions.
All terms are subject to LHDN's approval
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