Establishment cost Establishment cost is the expense incurred prior to the business registration certificate granted by the competent authority. Cost may consist of licensing fees, office rent, and other costs for goods and services rendered. Shall these expenses be considered reasonable expenses for CIT calculation, or deductible for VAT declaration? Establishment cost is considered reasonable […]

Establishment cost Establishment cost is the expense incurred prior to the business registration certificate granted by the competent authority. Cost may consist of licensing fees, office rent, and other costs for goods and services rendered. Shall these expenses be considered reasonable expenses for CIT calculation or deductible for VAT declaration? Establishment costs are considered reasonable […]