Non eligible costs
The following costs shall not be considered eligible under EC-funded external actions:
- debts and provisions for losses or debts;
- interest owed;
- costs declared by the Beneficiary and covered by another action;
- purchases of land or buildings, except where necessary for the direct implementation of the Action, in which case ownership must be transferred to the final beneficiaries and/or local partners, at the latest at the end of the action;
- currency exchange losses;
- taxes, including VAT unless the Beneficiary (or, where applicable, its partners) can show it cannot reclaim it and the applicable regulation authorises coverage of taxes;
- credits to third parties, except for sub-grants where foreseen by the Guidelines for Applicants.
See also specific cases for further information on VAT, bank charges and exchange rates.
Sources and useful links: