Tax Saving Tips from Rent Expenses Paid to Individuals

The following rental expenses do not require invoices but can still be recognized as valid and reasonable expenses if the business signs a lease agreement with an individual and proves that the expenses serve the business's production and operation. Accountants can advise the directors on how to include these costs in the business's expenses and save on taxes.

1. Office Rent Expenses: In many cases, directors use their private homes as company offices but may not know how to record this as a reasonable and valid expense. The director simply needs to sign a lease agreement and prove that the office is used for business purposes, which allows it to be included in the company's legitimate expenses.

2. Car Rental Expenses: Similar to the office rental case, if the company uses a personal car for business purposes, in addition to the car rental fee, other related costs such as fuel, car maintenance, and driver fees can also be included as business expenses.

If the rent paid to an individual is under 100,000,000 VND/year, the individual renting the property only needs to register for a personal tax code at the local tax department and will not have to pay business license tax or personal income tax.

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