- German Ministry of Finance announced amendments to VAT Application Decree
- Reflects income tax deduction change related to gifts in Growth Opportunities Act
- Increases exemption limit for business expense deduction of gifts to 50 euros from 35 euros
- Applies to transactions from Jan. 1
Source: news.bloombergtax.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.
