- Freebies given as part of promo sales (bundles, B1T1) are VATable based on the promo price and must be properly invoiced.
- Free transfers not related to business (e.g., gifts to owners, high-value personal items) may be treated as deemed sales and subject to output VAT.
- Marketing giveaways (samples, loyalty rewards, low-value corporate gifts) are usually not deemed sales and allow input VAT if used for business.
- Proper documentation, invoicing, and inventory tracking are essential for compliance.
- Freebies are only VATable when used for personal, owner-related, or non-business purposes.
Source: fiscal-requirements.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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