If companies donate to the club of universities, can they book this donation as an expense, in Turkey?
Our company will make a payment for an event which will be organized club of a university. There will be our logo in the event in return for this payment and our company will be advertised. We will send the payment from the company account and we will conclude a contract. We cannot get any official document such as a receipt, invoice, etc. Can we book this as an expense?
This payment will be booked as Non-Deductible Expenses since there is not a necessary expense for commercial earning.
Source: İSMMMO
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