VATupdate
VATupdate VAT GST sales tax Germany

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Adjustments to Umsatzsteuer-Anwendungserlass in line with Wachstumschancengesetz: Tax-deductible gifts threshold raised

  • Umsatzsteuer-Anwendungserlass is being adjusted to Wachstumschancengesetz
  • Threshold for tax-deductible gifts raised from 35 € to 50 € as of January 1, 2024

Source: bundesfinanzministerium.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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