It is planned to extend the abolition of VAT to essential items
Posted: Sun Dec 22, 2024 10:04 am
According to the current rules, companies are required to pay a tax of 20% of the cost of products donated to charity. However, it is more profitable and cheaper to dispose of food than to participate in food sharing programs (transferring food to the poor).
It is assumed that the change in the law will help to exempt food from the additional value tax and thereby save about one million tons of food per year. This impressive figure is intended to save a huge number of philippines phone number list people. It will also have a beneficial effect on the environment.
The largest retailers are already supporting this initiative.
Of course, this idea, like other amendments to the legislation, requires elaboration of details. For example, how will the transportation of large volumes of products for charity be implemented. Will it not be easier to throw out food again than to carry out a complex transportation process? Since the stores themselves are interested in the offer, it remains to wait for the situation to be resolved.
Good deeds should not go unnoticed. They are also not measured by the amount of donations. If you feel like your contribution is too small to make a difference, put that thought aside and take the first step. You won't have to wait long to feel satisfied, and the state will reimburse part of the costs.
Do you have a project that will bring great benefit to society, but you don't have the means to implement it? Justify your ideas — and the state can finance your success! In this article, we'll look at what types of grants there are and the conditions for receiving them.
It is assumed that the change in the law will help to exempt food from the additional value tax and thereby save about one million tons of food per year. This impressive figure is intended to save a huge number of philippines phone number list people. It will also have a beneficial effect on the environment.
The largest retailers are already supporting this initiative.
Of course, this idea, like other amendments to the legislation, requires elaboration of details. For example, how will the transportation of large volumes of products for charity be implemented. Will it not be easier to throw out food again than to carry out a complex transportation process? Since the stores themselves are interested in the offer, it remains to wait for the situation to be resolved.
Good deeds should not go unnoticed. They are also not measured by the amount of donations. If you feel like your contribution is too small to make a difference, put that thought aside and take the first step. You won't have to wait long to feel satisfied, and the state will reimburse part of the costs.
Do you have a project that will bring great benefit to society, but you don't have the means to implement it? Justify your ideas — and the state can finance your success! In this article, we'll look at what types of grants there are and the conditions for receiving them.