- From 2025, changes in VAT application for donated goods (assets)
- If a business owner donates a depreciated asset, they must pay VAT on the market value
- Changes in the law on VAT for donated goods from 2025
- The law no longer refers to the tax residual value of the asset, but to the purchase price at the time of delivery or, if this cannot be determined, the purchase price of similar goods at the time of delivery, or, in simpler terms, its market value
- From 2025, a business owner will be required to pay VAT on the market value of a donated car, even if it is depreciated
- Changes in the VAT law in the case of donating goods from 2025
- Donation of goods is regulated in the VAT law in Section 8 (3)
- If a VAT payer supplies goods for their own personal consumption, supplies goods for the personal consumption of their employees, supplies goods free of charge, or supplies goods for any other purpose than for business, and if the tax was fully or partially deducted when purchasing this good or its part or when creating this good or its part by their own activity, such supply of goods is considered a supply of goods for consideration.
- Free supply of goods for business purposes, if their value does not exceed 17 euros excluding VAT per item, and free supply of commercial samples is not considered a supply of goods for consideration.
Source: podnikajte.sk
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.
