The catering sector has been through tough times in recent months. Also after the lockdown, the extreme crowds did not stop because of the COVID measures. The government is therefore trying to support the catering sector with some tax benefits, which you as a company can also use.
If your company is organizing an event or reception, you can take advantage of this support measure. Reception and reception costs are up to 31 december 2020 namely 100% tax-deductible. The costs must be related to the period of 8 June 2020 until 31 december 2020. Reception costs, in the broad sense, are seen as costs that a company incurs in view of the relationship with its customers, suppliers, partners… The costs relate to the costs of, among other things, a caterer, drinks, foods, layout of the room, decoration such as flowers… In this way, companies are encouraged by the government to enter 2020 to organize another event or reception.
Regarding promotional gifts for customers, This measure does not apply to employees or partners. This is how business gifts go on and on 50% tax-deductible.
