TAX QUESTIONS? YOU ASK LAH!

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Q: If the company sponsors flight ticket for staff to go back to hometown, is the flight ticket eligible for tax deduction?

A: Flight ticket for staff to travel back to hometown is not considered as for business purpose. As such it is not eligible for tax deduction unless this is given as a perquisite and is declared in the Form EA of the staff. 


Wishing you plentiful tax savings!

Zen Chow

YYC Tax Guru

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