Criteria for Deduction of Business Expenses

April 4, 2018

All business expenses are deducted in full from the gross revenues, provided that they are realised to the businesses best interest or they concern business usual commercial transactions. Moreover, they need to correspond to actual transactions, the value of which is not below or above the market value, based on the data available to the Tax Authorities and are registered in the accounting records during the period of their execution and can be proved by the corresponding documentation.