Cash expenses limit hkfhj

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386 Points Posted on 04 July 2021
Cash expenses limit under gst and income tax
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On 04 July 2021 at 18:06 Report
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Quick Summary
This discussion clarifies the cash expense limits applicable in Hong Kong under GST and Income Tax. While there isn't a specific limit under GST, Income Tax regulations stipulate a daily limit of HK$10,000 per party. Exceeding this daily limit can lead to expenses being disallowed.

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tax consultant
3306 Points Posted on 04 July 2021
I think there isnt any limit under gst

under income tax limit is 10,000
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On 04 July 2021 at 20:37
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386 Points Posted on 04 July 2021
Is monthly or daily
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On 04 July 2021 at 20:38
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2 Points Posted on 04 July 2021
Daily
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On 04 July 2021 at 21:40
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386 Points Posted on 04 July 2021
Jaab monthly expenses 10000 se uper ho to kya yea disallow hota hai kya
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On 04 July 2021 at 21:43
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CMA
13117 Points Posted on 04 July 2021
Not monthly, daily. Keep your daily cash expense to a party <10k to avoid disallowance under IT Act.
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On 04 July 2021 at 22:16

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