Flight ticket expenses refer to the costs incurred by the company for air travel undertaken by its employees, directors, or other authorized individuals for legitimate business purposes.

This typically includes the cost of the airfare itself, along with related charges such as baggage fees, seat selection fees, and airport taxes. These expenses are essential for business operations that require travel to meet clients, attend conferences, conduct site visits, or engage in other work-related activities away from the usual place of business.

General Criteria CIT Deductibility

• Generally tax deductible.
• Business purpose
• Reasonable in amount and in line with company policy
• Documentation
• Approved by management

Documentation Needed For CIT Deduction

• Proper tax invoice
• Proof of payment (i.e. credit card statement)
• Airline ticket/Boarding pass
• Internal documentation:
Travel Request/Approval Form, expense report or detailed trip itinerary
• Other supporting documents (meeting schedules, conference registration confirmations, mission report to the management).