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What prize can be taken into account in the calculation of income tax

Question - answer - Legal advice 29.07.2019 at 10:22

Question - answer - Legal advice

The taxation of income does not include the cost of any types of remuneration provided to management or employees of the organization, in addition to remuneration paid under employment agreements (contracts) and costs in the form of bonuses paid to employees at the expense of a special purpose or target income (Letter of the Ministry of Finance of Russia from July 8, 2019 No. 03-03-06/1/49986). Thus, the cost in premiums can be taken into account for tax purposes only if the order, size and terms and conditions stipulated in local regulations of the organization, containing norms of labor law. In addition, these expenses must be economically justified, properly documented and directed to receive income.