Corporate Gifts and taxes

In the future the gifts given by companies shall be collated together for a given tax period or a given financial year to the employees, visitor's, guests, dignitaries, and so on to ensure each employees tax deduction, Tax statements, Tax value with respect to gift is provided each Employee for their information, the total gift expenditure shall be collated seperately for all types of receivers and this shall be audited statement that shall verified by the ceo, cfo, cto, and can be provided as a reference any compliance related problem with law or Government officials.

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