- The tax authority denied a VAT deduction of €200,049.76 for purchases of promotional items, citing limits set by ministerial decision Π7015/690/1986 for small-value gifts.
- The company appealed to administrative courts and was vindicated at both the Administrative Court of First Instance and the Administrative Court of Appeal.
- The courts ruled that the 1% turnover condition for deducting input VAT on small gifts (under ten euros) is not lawful.
Source: taxheaven.gr
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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