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Wining and Dining for Business Purposes |
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 Up until now, German law has only allowed you to write off 70% of your
entertainment expenses as deductible expenses, and the same went for
VAT.
Now you still have to treat 30% of your wining and dining costs as
income, but now you can write off VAT in full. The federal fiscal court
declared in its judgment of February 10, 2005 (re V R 76/03) that this
law contradicts the superseding 6th EU directive. This ruling concerns
all tax periods since 1999. So now it is your turn to collect from the
tax office. Contact your attorney or tax advisor if you need any help
collecting. Do not forget that anything you pay to prepare your taxes
is deductible in full from your profits.
 Alexander Baron von Engelhardt - Foreigners Attorney based in Berlin, specialising in domestic,
international, civil and commercial law. He also provides counseling
for start-ups.
Wilhelmstraße 94, D-10117 Berlin
Email:
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Website: www.Rechtsanwalt-AvE.com
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