- Sponsorship expenses are 100% deductible for amateur sports and 50% for professional sports under tax laws.
- VAT exemptions apply to in-kind sponsorships for public institutions; advertising expenses are subject to VAT.
- Proper documentation, including written agreements and tax clearance certificates, is required.
- Stamp duty refund requests for restoration of protected cultural properties cannot use the error correction procedure and must go through regular tax litigation.
Source: kpmg.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.
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