Supreme Court Rules VAT Deductible on Business Hospitality Expenses

• Supreme Court ruled that VAT on hospitality expenses is deductible if related to business activities.
• This decision overturns a long-standing practice of denying VAT deductions on all hospitality expenses.
• The ruling could reduce business costs related to corporate events.

Source: zeya.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.