The elimination of VAT applied to donations of food and non-food products places Spain on the same path as EU countries such as Belgium, France, Germany, Greece, Hungary, Italy or Poland, and means progress in reducing the generation of waste and in the creation of a circular economy model.
The amendment will prevent many companies, especially smaller ones, from having to give up donating goods because it is financially burdensome, since in the current situation donations are subject to VAT that is not recovered later.
Source eleconomista
Latest Posts in "Spain"
- European Commission Takes Spain to EU Court Over Failure to Transpose VAT Directives for SMEs
- EU Takes Spain to Court Over Failure to Adapt VAT Rules for Small Businesses
- Deductibility of VAT on Museum Renovation by Protected Designation of Origin Regulatory Council
- VAT on Auctioned Commercial Property: DGT Rules on Exemption and Reverse Charge Mechanism
- Granting Air Rights for Wind Turbines on Rural Land: VAT Subject but Exempt, DGT Clarifies
