Ruling 345: Only medical devices falling under a specific category are eligible for the reduced VAT rate

The company in question produces and packages herbal plants, herbal products, dietary supplements, medical devices, and phyto-cosmetic products. They seek clarification on the VAT rate for their “multi-dose ophthalmic product.” The company believes it should be subject to the reduced 10% VAT rate based on its classification as a medical device. However, the tax agency states that a technical assessment is required to determine the product’s composition and classification. They emphasize that only medical devices falling under a specific category are eligible for the reduced VAT rate.

Source: agenziaentrate.gov.it

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