Insights

Increase of the Threshold for Gifts to Business Associates

Until now, gifts to business associates or, more generally, to persons who are not employees of the entrepreneur were subject to an annual exemption limit of €35 per recipient. This threshold is now to be raised to €50

1 min readUpdated: 2023-12-05

Until now, gifts to business associates or, more generally, to persons who are not employees of the entrepreneur were subject to an annual exemption limit of €35 per recipient. The threshold is now to be raised to €50. If it is exceeded, the entire gift expenditure for the respective recipient in the year concerned is not deductible.

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