This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our PRIVACY POLICY for more information on the cookies we use and how to delete or block them.

Deal | BDO defended interests of sports events sponsor

28 September 2018

BDO’s Tax team successfully defended its client, a sports events sponsor in connection with a dispute before the Latvian Tax Administration. 

The client purchased an advertising service from a basketball club and paid VAT thereon. The State Revenue Service did not permit the client to deduct the VAT on the ground that the advertisement was a donation. BDO successfully challenged the State Revenue Service’s decision.   

It is important to understand the difference between donations, sponsorship, and advertisement purchases when supporting sports and cultural events in Latvia.