Dear our valued Clients,

Regarding the use of personal credit card for purchasing goods and services from suppliers, the below documents will be necessary in order to abide by the regulations:

– An official invoice from supplier for goods and services purchased under name and tax code of the Company;
– Documents relating to relevant authorization from Company to the employee;
– Remittance documents from credit account of such employee to suppliers’;
– Remittance documents from Company bank account to employee’s;

Then such payment method is considered to meet the requirements of non-cash payment vouchers, which is the basis to declare and deduct VAT input. This cost is considered to be deductible expenses when determining Corporate Income Tax.

For any further discussion, please do not hesitate to contact us at