Promoting Sustainability: VAT Deductions for Donating Goods to Non-Profit Organizations

• The “anti-waste law” allows companies to donate unsold or damaged goods to non-profit organizations without incurring VAT.
• Donor companies must issue a transport document for each donation and submit a monthly summary report to tax authorities.
• The recipient organization must provide a quarterly declaration confirming receipt of the goods and their intended use.
• Donating goods under this law preserves the VAT deduction claimed on the original purchase.
• The law aims to limit environmental impact by promoting reuse and recycling of products.
• Collaboration between businesses and non-profits is encouraged to redirect unsold goods to those in need.

Source: eutekne.info

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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