- 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"
- CJEU 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
- VAT Implications on Transfer Pricing Adjustments: Insights from Acromet Towercranes Case
- CJEU Ruling: Transfer Pricing Adjustments Impact VAT in Arcomet Case (C-726/23)
- EU Court of Justice Rules Transfer Pricing Payments Subject to VAT in Arcomet Case