The reason is that at least there is evidence to prove the authenticity of this business. The so-called white slip refers to informal documents in financial terms. The main impact of "white slip entry" is corporate income tax. Since it is an "informal document", the fee for the IOU is generally not deductible before tax.
Various compensation and compensation fees paid to individuals, such as: welfare fees, condolence fees, funeral expenses, business trip subsidies, conferences, personal labor remuneration, rent paid for renting private property, borrowing from individuals Interest paid on funds, purchase of various goods in individual small stores, etc.
These transactions are essentially expenses incurred by the enterprise. However, since the payment object is an individual, it is difficult to issue an invoice in practice and not easy to implement, so this part becomes a white slip. main source.
Extended information:
Conditions for the entry of white notes
1. The expenses are legal and true. The so-called legality means that the items covered by the IOU expenses must not violate the provisions of the current laws and regulations of the country; the so-called authenticity means that illegal activities that falsely list expenses must be resolutely put to an end.
2. Expenses are related to production and operation. Illustrated expenses unrelated to production and operation shall not be deducted before tax, such as living expenses that should be paid by the taxpayer personally, entertainment expenses other than business entertainment expenses that should be borne by the individual, etc.
3. Meet relevant deduction standards. The tax law clearly stipulates the deduction standards for relevant expenses.
4. The expenses themselves do not have the characteristics of "business activities". The items incurred by IOU expenses do not involve the purchase and sale of goods, the provision or acceptance of business services, etc., nor do they have the characteristics of business activities. Otherwise, invoices must be obtained in accordance with regulations.
Reference: Baidu Encyclopedia-Baidiao