Here’s the translation into American English:
The Spanish Association of Manufacturers of Lightweight Facades and Windows (ASEFAVE) has raised its voice to request a reduction in VAT as part of a strategy aimed at improving energy efficiency in buildings throughout Spain. This call is in line with European directives and responds to the increasing demands for sustainability. So far, efforts to incentivize energy rehabilitation have not produced the expected results, particularly in the execution of the Next Generation Funds. These funds have faced significant obstacles due to complex administrative procedures and restrictions on the application of aids.
ASEFAVE warns that excessive bureaucracy and difficulties in justifying the necessary documentation have turned European aids into a process that is more complicated than motivating. The association emphasizes the urgency of adopting more efficient and accessible measures to encourage building renovations, an essential step for Spain to meet the objectives of its national rehabilitation plans.
Among the proposals presented by ASEFAVE is the application of a reduced VAT rate, or even a super-reduced rate, for energy rehabilitation projects. Additionally, they suggest removing the 40% limit on material participation to apply a reduced VAT rate, and reintroducing deductions in personal income tax (IRPF), both at the state level and in collaboration with the Autonomous Communities.
The association also seeks to clarify the tax treatment of Energy Saving Certificates so that they can be properly integrated into rehabilitation projects, which are essential for the residential and tertiary sectors. They see these measures as having the potential not only to boost large-scale rehabilitation but also to enhance sustainability and energy efficiency in buildings across Spain.
ASEFAVE looks forward to the opportunity to meet with representatives from the Ministry of Finance to formally present these proposals and collaborate on developing a fiscal framework that will serve as a catalyst for transforming the construction sector in the country. Founded in 1977, ASEFAVE represents prominent manufacturers and suppliers in the industry and is dedicated to coordinating the demands and needs of its sector. The current board is led by Miguel Robles, along with Carlos Subías and Pablo Rodríguez.
Source: Portico.es in Spanish
