Your weekly dose of tax knowledge - become tax savvy in just 2 minutes!
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!
YYC Tax Guru