Are you aware of the latest
VAT rate changes in Italy ?
Since 1 January 2023, new VAT changes have come into effect in Italy.
The final version of the Italian budget law has been approved on 29/12/2022 and that some VAT rates have been reduced.
Indeed, the 5% VAT rate has been introduced for:
► Powdered or liquid milk for feeding infants or young children, packaged for retail sale,
► Food preparations of flour, groats, meal, starch or malt extract for feeding infants or young children, put up for retail sale (Custom code 1901.10.00),
► Baby diapers,
► Child seats to be installed in motor vehicles,
► Absorbent and tampon products, intended for the protection of feminine hygiene, other than those that are compostable according to the UNI EN 13432:2002 standard and those that are washable.
If you are concerned by any of the changes mentioned above, be sure to apply the appropriate rate(s).
Get in touch with us today so we can help you with these processes !