Circular economy: 406 companies eligible for tax credit for the purchase of products made with recycled material

Summary:

According to a decree published on the Ministry of Environment and Energy Security's website, 406 companies will be rewarded with a tax credit for acquiring finished products made from recycled materials. The beneficiaries will receive a credit of 36% of the annual expense, up to a maximum of u20ac20,000 per year. The total allocation for this measure is u20ac12 million. The initiative aims to promote the use of recycled materials and support companies that invest in sustainable practices.