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An overview by Zepos & Yannopoulos, Taxand Greece
In a recent landmark ruling, the Greek Supreme Court has upheld the right to deduct VAT on hospitality expenses linked to business activities.
The Tax Litigation team of Zepos & Yannopoulos, Taxand Greece, led by Alex Karopoulos, successfully argued on behalf of a major pharmaceutical company, the right to deduct and recover the VAT on hospitality expenses incurred in the context of the company’s business activity, and that Greece’s long-standing VAT prohibition violated the EU VAT Directive.
This decision overturns decades of tax authority practice, potentially lowering corporate event costs for businesses.
You can read the full overview of the ruling here.
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