How to deal with the company's overseas travel accounts?

How to deal with the company's overseas travel accounts?

Travel organized by the company is directly recorded in "management expenses-other non-/welfare expenses". Borrow: management fee-welfare fee. Loan: Payable to employees. Loan: bank deposit/cash on hand.

If the company organizes employees to travel in the name of "trade union", it can directly offset the "trade union funds" accrued by the company by borrowing: management expenses-trade union fees and loans: bank deposits/cash on hand.

Can travel expenses be deducted before tax?

Except for the travel expenses supported by trade union activities or party group activities, the remaining travel expenses shall not be deducted before tax. For group activities such as business trips of employees in company groups, most companies include their expenses in the accounting of employee welfare expenses. Can they be deducted before tax? According to Article 3 of the Notice of State Taxation Administration of The People's Republic of China City, People's Republic of China (PRC) on Deduction of Wages, Salaries and Employee Welfare Expenses (No.3 [2009] of the State) and Article 40 of the Implementation Regulations, tourism expenses cannot be deducted as employee welfare expenses. In addition, the Notice of Suzhou Local Taxation Bureau on Doing a Good Job in the Settlement and Payment of Enterprise Income Tax in 2009 (Suzhou Local Taxation Letter [2009] No.278) can be temporarily included in the management of employee welfare expenses and deducted according to tax regulations before the official document of State Taxation Administration of The People's Republic of China is made clear.

How to deal with the company's overseas travel accounts?