- The draft budget law for 2024 extends the 10% VAT rate for pellet sales to January and February 2024.
- This extension was approved through an amendment in the Senate.
- Without this extension, the reduced VAT rate would have only applied to 2023.
- The extension deviates from the standard VAT rate for wood pellets.
- From March 1, 2024, the standard VAT rate will apply to pellet sales.
- The EU directive allows for a reduced VAT rate for firewood, which could potentially include pellets.
- The Court of Justice of the EU has defined “firewood” as any type of wood exclusively used for combustion.
- A recent response to an inquiry confirms the application of the standard VAT rate to pellets.
Source: eutekne.info
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
