RENTS PERSONAL PROPERTY
When a business rents personal property, what does it need to be able to include a valid expense?
– In case an enterprise leases an individual’s property, the documents to determine the deductible expenses are the property lease contract and the rental payment document.
– In case an enterprise leases an individual’s property and the property lease contract contains an agreement that the enterprise shall pay tax on behalf of the individual, the documents used to determine the deductible expenses are the property lease contract and payment documents. property rental and tax payment documents on behalf of individuals.
– In case the enterprise leases the property of an individual, in the property lease contract, there is an agreement that the rent does not include tax (value-added tax, personal income tax) and the enterprise pays tax on behalf of the individual. If the enterprise is an individual, the enterprise shall be included in the deductible expenses the total amount of the property rent, including the tax paid on behalf of the individual.