We have analyzed the latest letter from the Federal Ministry of Finance (BMF) for you.

Business lunches promote your business and reduce your tax burden!

👍 If you entertain business partners, you are allowed to deduct 70 % of the (reasonable) costs incurred as Operating expenses deductible. The extent to which hospitality costs are reasonable depends on the individual case, the reason for the hospitality and the industry.

👍 You can deduct 100 % of the VAT due on the hospitality costs as Input tax deduct.

How do you proceed so that the tax office recognizes your digital evidence as correct?

☝️ Step 1 - Save invoice GoBD-compliant:
Save the electronic hospitality invoice unalterably, completely and in a system that complies with the generally accepted accounting principles (GoBD). No filing in the e-mail inbox, no PDF folder without a process!

☝️ Step 2 - Complete the mandatory information promptly:
In order to prove the business reason for the hospitality, you must promptly record the specific occasion, participants, location and day. This can be done directly on the e-invoice, on the visualized display or via a digital receipt.

☝️ Step 3 - Authorize digitally:
You must sign or approve digital hospitality details electronically. The time of creation and authorization as well as changes must be visible.

☝️ Step 4 - Link uniquely:
You must clearly link the receipt in your document management system to the e-invoice. If you only submit an invoice to the tax office without an associated proof of hospitality, it will deny you the deduction of business expenses!

👉 Do you have any questions about e-invoicing or how to handle digital receipts in general? 
Or are you unsure whether your processes are GoBD-compliant? Please feel free to contact us: www.wsb-berater.com/kontakt

#Catering #Invoice #GoBD #Business meals #Operating expenses #Pre-tax #Finanzamt #WSB