Can expenses linked to a tender be deduct?

Putting into a public tender is not exactly cheap, huh? Among what is to put together the offer, hire consultants, move from one place to another ... money is flying. And of course, the typical: someone always asks if all that expense can be deduced from taxes. Well look, the thing is not so simple.

It depends a lot on the country and its fiscal rules. In most sites, if an expense is related to the company's work, it can usually be subtracted when calculating how much you have to pay the Treasury. Now, presenting to a tender does not guarantee you to give you the contract. You can leave a paste and not see a euro back. Even so, many of these expenses are considered part of the game, of the famous "cost of doing business", and usually strain as deductible operating expenses.

In Spain, for example, the Company Tax Law says that you can deduct the expenses that are linked to economic activity and are necessary to enter money (that is, it is not worth straining the trip to Cancun as “Business Meeting”). So, what you spend on preparing and presenting the offer usually enters, but if the expense has nothing to do with billing, forget.

Eye, there are nuances: not everything is worth. Travel and accommodation expenses, for example, sometimes have specific limits or requirements. It is not to arrive, throw the tickets on the table and voila.

Total, that if you plan to get into these tenders, look for a good fiscal advisor. Don't play it. They will tell you what you can deduce, what not, and how to leave everything well tied in case Treasury knocks on the door.

In summary: yes, many bidding expenses can be deduced, but it depends on the rules of each country and whether the expense of truth helps to generate income. His thing is to go hand in hand with a professional and not improvise, who then come the dislikes.

By the way, if you have to look for something on Google, point these words: DELEVAR, EXPENSES, BID, TAXES, DEDUCIBLE, FISCAL ADVICE, Tax Base, ECONOMIC ACTIVITY, OPERATING EXPENSES, FISCAL ADVISOR, FISCAL OBLIGATIONS. Wow, how typical it makes you sound like you know what you are talking about.