New EU Directive: Allows to reduce VAT on solar panels-xmwintop.com

New EU Directive: Allows to reduce VAT on solar panels

April 19, 2022

The Council of the European Union has adopted a new directive that allows member states to reduce the value added tax (VAT) on certain products and services that comply with EU environmental and health policies.
This Directive 2022/542 was published in the Official Journal of the European Union on 5 April. According to the new regulations, member states will be free to choose a value-added tax rate of 0%-5%.
Household solar panels system, as well as pharmaceuticals, contraceptive and hygiene protection products, medical protection products, transportation and passenger services, books, newspapers and print publications and digital media will benefit from this tax relief.

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