Entertainment expenses
Article 1, paragraph 33 of Law no. 244 of December 24, 2007 (hereinafter the “2008 Finance Act”) with the implementing provisions of the Ministerial Decree of November 19, 2008 (hereinafter the “Decree”), amended art. 108, paragraph 2 of Presidential Decree no. 917 of 1986 (hereinafter "TUIR") relating to entertainment expenses, introducing a new deductibility regime, which is based on the business volume of the company, also establishing some criteria for the effective identification of such expenses.
This circular aims to illustrate the new discipline, pending the issue of ministerial practice provisions.
Topics index
- Notes on the previous legislation
- New legislation
- Identification of entertainment expenses
- Commercial Expenses
- The powers of the tax authorities
- The costs of room and board and VAT