TAX QUESTIONS? YOU ASK LAH!

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Q: Can company claim tax deduction for director's optical expenses?

A: The company can claim tax deduction for the director’s optical expenses incurred if this expenditure is incurred as a staff benefit in accordance to the employment contract or employee’s handbook. However, this should be declared in the Form EA of the director as a taxable perquisite.


Wishing you plentiful tax savings!

Zen Chow

YYC Tax Guru

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