The Company employee used a personal credit card to purchase an online software abroad and the proof of payment is only mentioned on the website page, there is no invoice. This means that it is paid on behalf of the company, but the software was used in our company. Thus, I would like to inquire if I had to withhold it when paying for the software overseas or not?. And can this software cost be used or recorded as a company expense?
Panwa : As for the software, if it can be proven to be used in the company, it can be used as a company expense, but no withholding is required in case of paying for the software abroad because the proof of software payment does not indicate that the company pays for the software. Anyway, we can assist for taxation services, please click here.
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