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GWW summer meeting: Tax on the agenda

The outgoing GWW President Patrick Politze (r) and his successor Frank Dangmann (l).

D – This year’s summer meeting of the German promotional products association, GWW (Gesamtverband der Werbeartikel-Wirtschaft) was held on June 19, 2017 in Bad Nauheim. After a session of the Advisors Section, all of the members were given an update on the current projects of the association in the afternoon. The outgoing President, Patrick Politze, welcomed the around 100 members present. In total, the GWW currently has 322 member companies and is thus still on course for growth. Furthermore, current framework contracts, the new compliance guideline of the GWW and the results from the working groups Exhibitions and Quality Seals were presented. Furthermore, the GWW Managing Director, Ralf Samuel, summed up this year’s GWW-Newsweek, which enjoyed record attendance. He also invited the participating suppliers and distributors to the GWW-Trend, which is being staged at the Rheingoldhalle in Mainz on September 14 and 15.

Standing ovations for Patrick Politze.

One of the main items on the agenda was a lecture by Dr. Janine von Wolfersdorff from the Finance and Tax Institute (IFS) on a current verdict by the German Federal Fiscal Court, which ruled that the tax exemption limit for promotional products is to be reduced from 35 Euros down to 24.97 Euros. On behalf of the GWW von Wolfersdorff is working on a position paper, which aims to revise the fiscal treatment of promotional products. This position paper is due to be completed before the parliamentary elections and presented to the spokesmen of the respective parties, who are responsible for finance, in personal discussions.

Furthermore, the day was also marked by the change of leadership of the association. Patrick Politze stepped down from office as Chairman, but will remain closely linked to the industry as the Honorary President of the GWW. Tribute was paid to his services for the industry and for setting up the general association in several short, yet emotional statements. His successor Frank Dangmann took over the position on July 1, 2017.

Dr. Janine von Wolfersdorff, IFS, informed the attendees about the impact of the new BFH verdict for the industry and explained the main points of the GWW position paper on the “Taxation of gifts in business life”.

// Mischa Delbrouck

www.gww.de

2017-07-04T07:55:57+00:00 July 4th, 2017|