Entertainment expenditure is limited to a 50% deduction if it falls within the following:
Food & Beverages consumed at any of the above or in other specific circumstances are also limited to a 50% deduction e.g. Business Lunches.
All other entertainment expenditure is fully deductible, provided the entertainment aspect is merely incidental.
Please note that if you provide enertainment that is only 50% deductible, you can only deduct 50% of any expenses incurred in providing the entertainment.
There are a number of exemptions from these rules, please contact us if you are unsure.
Pennies count
it’s all part of the strategy
Our focus is to ensure our clients achieve both their business and personal goals.
We do this by keeping them up-to-date on all the latest information that will impact on their financial affairs to ensure they can make informed decisions.
Contact rubiix for down to earth, kiwi accounting advice!
