VAT Deduction Exclusion Decree memorandum 2024

Introduction

The VAT Deduction Exclusion Decree (“DED”) precludes the recovery of VAT on promotional gifts and staff benefits if these were provided free or below cost by the business. A threshold of EUR 227 per recipient applies. 

In addition to the DED adjustment, VAT also has several other adjustment mechanisms to ensure that goods and services purchased for business purposes cannot be used privately without this being subject to VAT. The best known and most important is the adjustment for the private use of a company car. 

In the Memorandum regarding the VAT Deduction Exclusion Decree we explain the DED and the other adjustment mechanisms in a comprehensible manner. The memorandum contains a flowchart and a step-by-step plan to systematically determine the adjustment needed at the end of the year. 

Download the memorandum to get started. If you have any questions, feel free to contact your Meijburg advisor.