PUBLICATION OF INSTRUCTIONS OF THE MINISTRY OF FINANCE SR AS TO THE UNIFIED PROCEDURE FOR RESTAURANT TICKET CUSTOMERS
The Ministry of Finance issued instructions stating that, where restaurant tickets are provided by the employer to employees for company catering which have the character of money equivalent, then the cost of the tickets is not a tax deductible expense.
The Ministry of Finance thus officially confirmed the general understanding of this Income Tax Act provision.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
For further information contact Richard Fletcher, Arthur Andersen Prague, tel +42 2 2440 1300 or enter a text search 'Arthur Andersen' and 'Business Monitor'.
