- Tax exemption limit for gifts increased from EUR 35 to EUR 50 as of January 1, 2024
- Consequences for VAT regarding gifts of negligible value
- Review of Regulation on Profit Tax provisions to determine if an item can be considered a gift
- Input tax deduction permitted for gifts given to employees that are not part of their wages
- Principles of BMF guidance apply to all transactions from January 1, 2024
Source: hub.kpmg.de
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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