VAT on gifts and personal use

self use

A dealer who takes a product from the business for personal use must report it as a transaction and pay VAT on the value of the product.

gifts

Business gifts to customers with a value above a certain amount are subject to VAT as self-use.

Important Note: The information on this website is for general informational purposes only and does not constitute professional tax advice. Consult a qualified tax advisor before making financial decisions.