VAT Discount on Small Value Gifts – Legal Implications of 1% Turnover Requirement

• Tax authority did not recognize VAT discount of 200,049.76 euros for purchases of advertising products
• Purchases were considered to exceed quantity limits set by ministerial decision (P7015/690/1986) for small value gifts
• Company appealed in administrative courts and was vindicated in both Administrative Court (2761/2015) and Administrative Court of Appeal (4283/2016)

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.