Reduced VAT rates for recycled products

• The Council of the European Union proposed a reduced VAT rate for products made from recycled materials to promote recycling and a circular economy.
• The incentive aims to encourage the use of recycled materials, support innovative recycling technologies, and create a more sustainable future.
• This initiative combines economic incentives with environmental objectives and is a significant step towards reducing waste generation and fostering sustainable consumption patterns.
• Businesses should monitor further developments as taxation to combat climate change is becoming a trend, benefiting both consumers and businesses.

Source DLA Piper

See also Lower VAT rate for recyclates/recycled products – a possible economic tool to promote the circular economy

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