- Input VAT on goods and services purchased for strengthening corporate culture is not deductible
- This decision was made by the Special Taxation Scheme (STS)
- Companies will not be able to claim back VAT on these specific purchases
- The decision aims to encourage companies to focus on improving their corporate culture without relying on tax deductions
Source: research.ibfd.org
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.
