Economy

Costs for donating essential goods will be tax deductible

Companies are often left with products that are about to expire or that have minor production errors. Just think of the producers of food and clothing. Often the cheapest option is to destroy that stuff. But of course it is a shame, because it would help many people.

Various charities are eager for such products to help people in financial difficulties. But due to the high costs – for transport, among other things – companies are reluctant to donate their leftovers that are no longer suitable for store shelving to a good cause.

The federal government now wants to give those companies a boost. “All costs associated with giving away goods can be tax-deductible, which makes it a major incentive for companies,” says Minister of Finance Vincent Van Peteghem (CD&V). “The new measure should prevent companies from destroying products,” adds Dominique Michel of trade federation Comeos.

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