{"id":129223,"date":"2023-07-14T07:23:00","date_gmt":"2023-07-14T05:23:00","guid":{"rendered":"https:\/\/renewable-carbon.eu\/news\/?p=129223"},"modified":"2023-07-11T10:05:49","modified_gmt":"2023-07-11T08:05:49","slug":"euric-strongly-supports-the-czech-proposal-to-lower-vat-for-products-made-of-recycled-materials","status":"publish","type":"post","link":"https:\/\/renewable-carbon.eu\/news\/euric-strongly-supports-the-czech-proposal-to-lower-vat-for-products-made-of-recycled-materials\/","title":{"rendered":"EuRIC strongly supports the Czech proposal to lower VAT for products made of recycled materials"},"content":{"rendered":"\n\n\n<p><strong>Fiscal instruments are no exception. Thus, EuRIC warmly welcomes the proposal made by the Czech Republic to the Council to explore lower VAT rates for products made of recycled materials and recyclates.<\/strong><\/p>\n\n\n\n<p><strong>Replacing extracted raw materials with recycled materials brings significant and well-documented environmental benefits<\/strong>, both in terms of resource efficiency and climate and energy savings. These&nbsp;<strong>environmental benefits are not internalized in prices<\/strong>, although they are often the most important factor in consumers\u2019 choices and public procurement. Therefore, fiscal incentives in the form of<strong>&nbsp;lower VAT rates have a major role to play<\/strong>&nbsp;in better rewarding environmental benefits and in stimulating sustainable consumers\u2019 choices by increasing the price competitiveness of sustainable products.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>&#8220;<em>It is fundamental to consider fiscal incentives as key enablers for the transition to a more circular and climate neutral economy<\/em>,&#8221; said <strong>Emmanuel Katrakis<\/strong>, Secretary General of EuRIC. &#8220;<em>The Czech Republic&#8217;s formal request to the Council to examine the possibility of reducing the VAT rate on products using recycled materials is a first very positive step. Indeed, it is necessary to ensure that tax rules at EU and national level are in line with the objectives of the Green Deal, which is often not the case<\/em>&#8220;.<\/p><\/blockquote>\n\n\n\n<p>EuRIC looks forward to working with the Spanish Presidency of the Council, Member States, and EU institutions&nbsp;<strong>to introduce reduced VAT rates for products with recycled content<\/strong>, which will undoubtedly stimulate recycling and complement the regulatory measures introduced for different waste streams.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fiscal instruments are no exception. Thus, EuRIC warmly welcomes the proposal made by the Czech Republic to the Council to explore lower VAT rates for products made of recycled materials and recyclates. Replacing extracted raw materials with recycled materials brings significant and well-documented environmental benefits, both in terms of resource efficiency and climate and energy [&#8230;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"none","nova_meta_subtitle":"EuRIC reiterates its strong support for economic incentives as a powerful tool for the transition to a circular and climate-neutral economy","footnotes":""},"categories":[17143],"tags":[15950,22419],"supplier":[5585,13755],"class_list":["post-129223","post","type-post","status-publish","format-standard","hentry","category-recycling","tag-climateneutral","tag-recycledmaterials","supplier-european-union","supplier-european-recycling-industries-confederation-euric"],"_links":{"self":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/129223","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/comments?post=129223"}],"version-history":[{"count":0,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/129223\/revisions"}],"wp:attachment":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/media?parent=129223"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/categories?post=129223"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/tags?post=129223"},{"taxonomy":"supplier","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/supplier?post=129223"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}