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Opportunity for companies - tax relief for expo participation
In a nutshell - costs of trade fair participation, such as:
- the exhibition space organisation,
- purchase of airline tickets for employees and
- accommodation and meals for employees
can be deducted from income tax in the double amount compared to the costs. For example, spending PLN 100 on trade fairs participation, a company that pays 19% of income tax will be able to deduct PLN 38 from this tax, so in practice, it will not pay PLN 100, but PLN 62.
The relief became effective on 1 January this year.
It should be remembered that the discount cannot be used if the expenses for participation in the trade fair concern services provided by exhibitors and applies only when a firm invests into increasing the product's sales, that is, the things the company produces. Moreover, the use of the tax relief requires the entrepreneur to show an increase in sales revenues in the next two years or to demonstrate income from the sale of new products or products made earlier but sold on new markets. Otherwise, the company must return the tax relief for the third year from the year it participated in the trade fair.
We invite you to watch the video material explaining the issue
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