02-06-2020 17:45 via uk.finance.yahoo.com

Spain plans levy on non-recyclable plastic packaging

Spain aims to collect more than 700 million euros a year with a proposed new tax on non-recyclable plastic packaging, Spanish energy and environment minister Teresa Ribera said on Tuesday.The new levy, worth 0.45 euros per kilogram of packaging, is contained in a bill proposed by the government to help meet a European Union target of phasing out single-use plastic by 2021."This is a indirect tax which will be levied on the manufacturing, import or intra-EU acquisition of the non-reusable plastic
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