Supreme Court Ruling Allows VAT Deduction on Business Hospitality Expenses, Overturning Greek Law

• Supreme Court allows VAT deduction on business hospitality expenses
• Greek VAT law previously denied VAT deduction on hospitality expenses
• Prohibition increased costs of business events like conferences
• Supreme Court ruled prohibition violates EU VAT Directive
• VAT on hospitality expenses is deductible if related to business activities
• Decision may end long-standing tax authority practice
• Could reduce business costs for corporate events

Source: taxand.com

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.