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Italy Further Extends Reduced Fuel Excise Duties and Reduced VAT Rate on Natural Gas Used for Transport

On 15 September 2022, Italy published in the Official Gazette the Decree of 30 August 2022 from the Ministry of Economy and Finance, which extends the reduction in the excise duty rates on different fuels, as well as the reduction in the VAT rate to 5% on natural gas used for transport. The reduced excise duty and VAT rates were originally provided from 3 May 2022 until 8 July 2022 and subsequently extended to 20 September 2022. With the Decree of 30 August 2022, the reduced rates are further extended for the period 21 September 2022 to 5 October 2022.

Source Orbitax

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