- Italy’s sugar tax aims to reduce the consumption of certain “sweetened drinks,” with a high content of added sweeteners.
- As of 1 January 2023, depending on the party subject to pay sugar tax and its supply chain, different fulfilments may have to be met, among which are registration with Italian customs authorities, summary statements, a monthly tax return and finally payments.
- Businesses should start assessing the impact of the new tax (specifically verifying sweeteners and total sweetener content) and also start implementing the new compliance processes.
Source EY
Latest Posts in "Italy"
- VAT Treatment for Sale of Oceanographic Vessel to Research Entity Under Italian Law
- Constitutional Court Ruling Alters Customs Confiscation Rules for Unpaid Import VAT
- Legal Requirements for Issuing Credit Notes: Clarity and Proof of Original Invoice Connection
- New VAT Compliance Regime: Client Responsible for VAT Payment in Logistics Sector
- New Optional VAT Rule for Logistics and Transport Services Ahead of Reverse Charge Introduction