From Longman Business Dictionarybusiness giftbusiness gift1TAX money given by a business to an organization that does not make a profit, such as a CHARITY, on which the company receives TAX RELIEFa guide to tax relief on business gifts to schools2MARKETINGa gift given by a company to a customerAlthough business gifts aren’t strictly speaking sales promotions, they broadly fall into that category. → gift