The expenses mentioned above will be considered entertainment expenses, so that only half of the amount spent can be deducted. This includes gift cards for food and drinks, restaurants and entertainment venues. Gifts that are food (e.g. box of chocolates) or drinks (e.g. wine) are also considered to be "meals".
The information provided on this page is intended to provide general information. The information does not take into account your personal situation and is not intended to be used without consultation from accounting and financial professionals. Allan Madan and Madan Chartered Accountant will not be held liable for any problems that arise from the usage of the information provided on this page.
Accounting & Management
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