The abbreviation of EPR stands for Extended Producer Responsibility—a type of environmental policy requiring businesses to contribute when selling products that impact the environment in a way covered by the policy. EPR is typically accounted for on the impact of the product once it is used or when its life cycle ends.
More broadly, EPR aims at extending the producer’s responsibility to post-usage of the product, would that be recuperating the item, recycling it, or reducing its impact on the environment in other ways. However, in most cases, it is difficult to put these actions to practice, so there exists a payment system based on contributions to certified waste management organizations.
Source 1stopvat
Latest Posts in "World"
- Worldwide Upcoming E-Invoicing mandates, implementations and changes – Chronological
- Peppol – Invoice type code (UNCL1001 subset)
- Navigating the Risks of the use of Digital Reporting and E-Invoicing in the Age of Advanced Fraud Detection
- The Risks of Using Outdated VAT Numbers
- E–invoicing Developments Tracker
