PwC Alert (Issue 115): Entertainment Redefined

You entertain when you promote your business?

This Alert talks about the redefinition of Entertainment for the purpose of tax deduction.

It discusses the existing restriction placed by the law on the deductibility of entertainment expense which is often intertwined with the incidence of business promotion and the redefinition of Entertainment which takes effect from the year of assessment 2014.

PwC Alert is a digest of topical financial and business information for clients and business associates of PwC Malaysia. Whilst every care has been taken in compiling this newsletter, we make no representations or warranty (expressed or implied) about the accuracy, suitability, reliability or completeness of the information for any purpose. PwC Associates Sdn Bhd, its employees and agents accept no liability, and disclaim all responsibility, for the consequences of anyone acting, or refraining to act, in reliance on the information contained in this publication or for any decision based on it. Recipients should not act upon it without seeking specific professional advice tailored to your circumstances, requirements or needs.