How are expenses for additional paid vacations taken into account for income tax purposes? Is it possible to include vacation bonuses in the income tax base? What is the procedure for recognizing expenses for the purchase of vouchers for employees and their children for the purpose of calculating income tax? Is it necessary to charge insurance premiums to the cost of travel vouchers for employees, and what opinion do controllers and arbitrators have on this issue? What are the tax features of financial assistance paid for vacation? Is it necessary to withhold personal income tax and calculate contributions from the amount of payment (compensation) for the cost of travel to the place of vacation and back to workers of the Far North?
Accounting for expenses for additional paid vacations for the purpose of calculating income tax
Costs for additional paid leave provided in accordance with the requirements of the Labor Code are taken into account for corporate profit tax purposes as part of labor costs if:
