- SAT challenging deductibility of advertising and promotional expenses
- Particularly focused on cases where brand is not owned by taxpayer
- Affects ability to credit VAT on advertising expenses
- Taxpayers advised to review financial transactions and have proper documentation
- Need to justify expenses from legal and conceptual perspective
Source: kpmg.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
