A waste management company plans to document non-remunerated waste collection as revenue rather than tax costs to comply with environmental obligations.
Company’s Business Expansion
The company aims to expand its activities in the area of waste collection, transport, recycling, and processing. For its clients, waste holds no utilitarian value, but collection helps them fulfill environmental obligations.
Interpretation of Non-remunerated Services
In an interpretation request, the company explained that due to the marginal value of waste, clients sometimes don’t issue invoices or consider the transaction exempt from formal documentation.
Detailed Documentation Approach
The company plans to thoroughly document waste collection through contracts with clients, collection protocols, and records maintained in the BDO system.