Rubbermaid Roughneck Garbage

REPRESENTATION EXPENSES DECLARATION ICI

For professionals, the expenditure on hotel services and food administration are deductible to the extent of 75%.

The deduction is reduced compared with the time limits prescribed by art. 54 of the Income Tax Code:

• 2% of compensation for the costs of hotels and restaurants;
• 1% of compensation for expenses.
• 50% of the costs for participation in conferences (including travel and subsistence).

With regard to the administration of food and hotel expenses, the business advisory services, with the circular No. 9/IR/2009, in analogy with the instructions of the Revenue, clarified that the 2% limit on total compensation must be verified after deducting 25% of hotel costs.

For entertainment expenses and the cost of attending conferences, position dell'IRDEC (Research Institute of Certified Public Accountants) differs from that of the Revenue (Cir. 53/E/08). According to the accountants are governed by these costs. 54 of the Income Tax Code, therefore, their deductible is fixed at 1% of compensation for the costs of representation and 50% of the costs incurred for participation in conferences, training courses and conferences.

The position of the Revenue, reported on the instructions for the preparation of the single model provides the first the deduction to 75% and then placing the parameters provided by art. 54. In this case, for example, the cost of attending a conference would be deductible to the extent of 37.50% (50% to 75%).

not suffer limitations the following expenses incurred even though hotel performance or administration of food and drink:

• costs incurred by the buyer on behalf of the trader, and it charged on the invoice,
• expenses incurred for travel outside the municipal area by employees and associates of the professional (in line with the daily amounts provided by art. 95, paragraph 3 of the Income Tax Code).