[Updated on February 14, 2018]
To be deductible, accrued expenses should meet all of the following requirements:
To be deductible, accrued expenses should meet all of the following requirements:
a.
All-events test
b.
Withholding tax
c.
Substantiation
Otherwise, accrued
expenses which fail to meet the above requirements may not be deductible for
income tax purposes.
