- The European Commission has introduced the Ecodesign for Sustainable Products Regulation (ESPR) to promote sustainability and reduce environmental impact through improved product design and manufacturing processes.
- The ESPR expands the scope of previous regulations to include a wide range of products beyond energy-consuming items, setting stringent criteria for durability, reusability, repairability, recyclability, and energy efficiency.
- The ESPR introduces Digital Product Passports (DPP) to provide a digital record of product information throughout its lifecycle, enhancing transparency and enabling informed decisions regarding sustainability. While the ESPR does not directly address e-invoicing or Continuous Transaction Control (CTC) models, the integration of DPP with digital invoicing and CTC systems may streamline compliance and reporting processes in the future.
Source Comarch
Latest Posts in "European Union"
- Ecofin report on EU VAT reforms
- Roadtrip through ECJ cases: Focus on Promotional activities/Discounts (Art. 79, 87, 90(1))
- Comments on ECJ case C-234/24 (Brose Prievidza): No VAT Exemption for Tooling Without Physical Movement
- Roadtrip through ECJ Cases – Focus on “Liability to pay VAT – Jointly and severally liability of the payment of VAT” (Art. 205)
- ECJ Customs – C-488/24 (Kigas) – AG Opinion – Traders must inform consumers about customs duties before contracts
