- On 17 May 2024, our organizations representing businesses and tax professionals are urging the European Commission to promote EU values and sustainability by implementing VAT relief on charitable donations across the EU.
- Businesses can contribute to sustainability by donating goods, as the destruction of unsold items comes at a high cost to people and the environment.
- Harmonizing VAT donations across the EU would align with the Waste Framework Directive and sustainability reporting goals.
- We support the recent call for greater harmonization of VAT neutralization options for donations across the Single Market.
- We urge the European Commission to provide guidance to Member States on applying VAT exemptions for charitable donations and to facilitate corporate donations across the EU.
Source Accountancy Europe
Latest Posts in "European Union"
- CJEU Confirms TP Adjustments as VAT-Applicable Services, Requires Supporting Documentation
- Court of Justice Rules on VAT for Intra-Group Services and Evidence Requirements for Deductions
- ECJ Rules Compensation Payments in Transfer Pricing as Taxable Supply for VAT Purposes
- ECJ Rules Non-Transactional Profit Adjustments by Principal Are VAT-Applicable Services in Arcomet Case
- Understanding VAT Implications on Transfer Pricing: Insights from Arcomet Case C-726/23
