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Italy Maintains 6.4% VAT Compensation for Wood Products Through 2025, Effective January 2024

    A decree published in the Italian Official Gazette on September 16 maintains a 6.4% compensation percentage for 2024 and 2025 for certain wood and firewood products under the VAT flat-rate deduction regime. It applies to firewood in various forms and non-tropical squared wood. The decree is effective from January 1, 2024, to December 31, 2025.

Source: news.bloombergtax.com

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.



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