- 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
