- The draft budget law for 2024 in Italy raises the VAT rate from 5% to 10% for certain products.
- The products affected include feminine hygiene products, infant formula, and certain food preparations for infants.
- Feminine hygiene products not included in a specific category will be regulated under a new provision.
- Infant feeding products, including powdered milk, will fall under a different provision.
- Diapers and child car seats may no longer receive reduced VAT rates.
- These changes are part of a limited scope reform, with a broader reform expected in the future.
- The 4% VAT rate for pasta, bread, and daily bakery products is confirmed.
Source: eutekne.info
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "Italy"
- Faster VAT Collection: 2026 Budget Law Introduces Automated Assessment for Omitted Declarations
- New 2026 VAT Forms Approved: Changes to Deduction Adjustment Calculation Included
- Approval of 2026 VAT Return Forms and Instructions for 2025 Tax Year Submission
- Foundry Services for Commissioned Artworks Subject to 22% VAT, Not 5% Reduced Rate
- Applicable VAT Rate for Art Foundry Services: 5% or 22% for Commissioned Contemporary Artworks?
