VATupdate

Share this post on

ESPR regulation and Digital Product Passport: how will they affect e-invoicing and CTC regulations?

  • The European Commission has introduced the Ecodesign for Sustainable Products Regulation (ESPR) to promote sustainability and reduce environmental impact in product design and manufacturing.
  • The ESPR aims to make products more sustainable, durable, repairable, recyclable, and energy-efficient, covering a broad range of items beyond energy-consuming products.
  • It introduces the concept of Digital Product Passports (DPP) to track product information throughout its lifecycle, enhancing transparency and enabling informed decision-making.
  • Key timelines include the establishment of the Ecodesign Forum, adoption of the first ESPR Working Plan, and implementation in the coming years.
  • While the regulation does not explicitly mention e-invoicing or Continuous Transaction Control (CTC), the evolving DPP may impact supply chain practices, potentially requiring integration with product tracking information in documents like invoices. Alignment with digitalization trends is expected.

Source Pagero


  • Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE

 

Sponsors:

VAT news
VAT news

Advertisements:

  • vatcomsult