- CFE Tax Advisers Europe, Accountancy Europe, AmCham EU, and E-Commerce Europe Industry are calling for clearer VAT guidance on charitable donations
- They believe that applying VAT relief on charitable donations can help strengthen EU values and sustainability goals
- Businesses can make a difference by donating goods instead of destroying them, which has a high cost for people and the environment
- The European Environmental Bureau estimates that €71.29 billion worth of electronics and clothing will be destroyed in the EU by 2030
- Harmonising VAT donations across the EU27 is important, as recognized in a recent report on the Single Market
- The organizations are calling on the European Commission to provide further guidance to Member States on applying the VAT Directive exemption on charitable donations
Source: taxadviserseurope.org
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.
