Last April the Law on Waste and Contaminated Soils for a circular economy 7/2022 was finally published, which will come into force the 1st of January 2023.
Title VII of this Law contains the fiscal measures to promote circular economy, including a special tax on non-reusable plastic packaging, commonly known as “tax on plastic”.
Fiscal measures of the Tax
The fiscal measures have already been published in the Tax Agency (Agencia Tributaria, AEAT) website, under the Special and Environmental Taxes section. We summarise below the content proposed by the AEAT:
- General information about the basic elements of the tax
- Calculation of the tax fee
- Settlement and payment methods
- Fiscal benefits
- Custom formalities
- Necessary technical documentation
- Q&A
However, the tax management rules is still pending for approval by the administration.
We interpret the Tax on plastic for you
As leaders in the packaging transformation sector, this law impacts on many of our products and therefore on our clients. Plastic is a versatile, light, durable and incredibly adaptable material, and so it is used in multiple sectors.
This new tax may originate doubts and questions and many different scenarios can come up, making companies search for personalized information. In answer to these needs, at the Armando Alvarez Group we have elaborated a document containing our interpretation of the Law on Waste and Contaminated Soils, title VII, that includes the most relevant aspects of this Law.
