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What is the entertainment expense deduction limit per year?
Posted 13 June 2014
Hi Tax Tim I am helping a small contractor with his books and I would like to know how much he can claim for entertainment expenses? Is there a limit per year? Also assisting my local church and have the same query for their entertainment expenses?
TaxTimsays: 15 June 2014 at 21:40
You can claim legitimate expenses, but they must be pure business related. SARS clamps down on entertainment so make sure each expense claim can be justified and accounted for.