Question:
At the end of 2015, my company printed calendars to give to customers. I would like to know if the cost of printing calendars can be considered as deductible expenses when calculating corporate income tax (CIT). Is this considered an advertising or promotional expense that does not exceed 15% of the total deductible expenses of the business?
Answer:
Based on Article 4 of Circular No. 96/2015/TT-BTC dated June 22, 2015, by the Ministry of Finance, guiding corporate income tax (CIT) (effective from August 6, 2015, and applicable to CIT calculation for the year 2015), which amends and supplements Article 6 of Circular No. 78/2014/TT-BTC (amended and supplemented in Clause 2 of Article 6 of Circular No. 119/2014/TT-BTC and Article 1 of Circular No. 151/2014/TT-BTC):
In the case where a company prints calendars in 2015 to give to customers as part of its production and business activities, this cost can be counted as deductible expenses when determining the income subject to CIT if it meets the conditions specified in Article 4 of Circular No. 96/2015/TT-BTC (starting from the 2015 CIT calculation period, the cost of gifts is not subject to limitations).
