Dear readers, Please find below our short news for August 2023: The coalition in the Chamber of Deputies reached an agreement on a draft modification of the consolidation (recovery) package that will be discussed in the second reading this week.
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30. 08. 2023
Dear readers, We want to inform you about a judgment of the Supreme Administrative Court (10 Afs 113/2021 - 50; the “SAC”) that was recently deciding about distinguishing promotion costs (tax deductible expenses) from entertainment costs (tax non-deductible expenses).
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30. 08. 2023
Information of the General Financial Directorate (the “GFD”) on determining the level of tax deductible costs in selling a new piece of construction work carried as inventory where the net book value of a liquidated structure is included in the piece’s value, was published on the Financial Administration’s website.
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01. 08. 2023
In the first half of this year, the Court of Justice of the European Union (the “CJEU”) decided on a duty to correct an originally implemented VAT deduction in relation to goods that were sold as waste with a loss or voluntarily destructed (C–127/22).
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28. 07. 2023
Dear readers, We want to inform you about a judgment of the Supreme Administrative Court (the “SAC”; 5 Afs 335/2021) that dealt with the possibility to exclude the sale of land in calculating the decreasing coefficient pursuant to Section 76 (4) (a) of the VAT Act.
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