- The Council of the European Union proposed a reduced VAT rate for products made from recycled materials to promote recycling and a circular economy.
- The incentive aims to encourage the use of recycled materials, support innovative recycling technologies, and create a more sustainable future.
- This initiative combines economic incentives with environmental objectives and is a significant step towards reducing waste generation and fostering sustainable consumption patterns.
- Businesses should monitor further developments as taxation to combat climate change is becoming a trend, benefiting both consumers and businesses.
Source DLA Piper
Latest Posts in "European Union"
- Blog: Four tax points, one invoice: how C-167/26 RX challenges well-accepted business processes
- EU Customs Reform: Data Hub, Trusted Traders and New Import Models
- Flashback on ECJ Cases C-409/98 (Mirror Group) – Tenant inducements are not exempt property letting
- Roadtrip through ECJ Cases – Focus on Place of Supply of Intra-Community Acquisitions – ”Triangulation” (Art. 42)
- Flashback on ECJ Cases C-415/98 (Bakcsi) – Asset allocation determines VAT treatment of a later sale
