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Budget 2023 approved by Council of Ministers: VAT rate reduction baby products and feminine hygiene products, suspension plastic & sugar tax

Italy’s Council of Ministers has issued a release announcing its approval of the State Budget for 2023 and the multi-year budget for 2023 to 2025 during its meeting held on 21 November 2022. Some of the main tax-related measures noted in the release include:

  • Reducing the VAT rate from 10% to 5% for baby products and feminine hygiene products;
  • Further suspending the plastic tax and sugar tax in 2023.

Source Orbitax

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