
A product recall is a process through which a company withdraws a product from the market due to safety concerns or defects that may affect consumers. This process is typically initiated by the product manufacturer or can be mandated by regulatory agencies. The purpose of a recall is to prevent incidents, injuries, or other health issues related to the defective product.
Product recalls can occur for several reasons:
- Manufacturing defects: Issues in the production process that result in unsafe products or products that do not perform as expected.
- Design defects: Inherent flaws in the product’s design that render it unsafe or ineffective.
- Contamination: In the case of food or pharmaceuticals, the detection of harmful substances or dangerous microorganisms can lead to recalls.
- Failure to meet safety standards: Products that do not comply with established safety regulations may also be subject to recall.
- Incorrect labeling: Errors in product labeling, such as the omission of allergens in the ingredient list, may necessitate a recall.
Removal of non-salable inventory from accounting records
Expenses incurred for removing degraded goods from accounting records are tax-deductible when calculating corporate income tax.
VAT adjustment for non-salable inventory
According to current legislation, services paid to a recycling company for the destruction of goods are fiscally deductible.
Integrated waste management
We offer comprehensive and specialized solutions for the collection, disposal, and destruction of expired, damaged, counterfeit, confiscated, non-compliant, or specially regulated products.
Collection of electrical and electronic equipment
We provide integrated solutions for the efficient management of household and electronic waste, ensuring specific treatment for each category.