This Ministerial Decree (MD) sets forth detailed rules for the implementation of the new traceability system for the circulation in the Italian territory of lubricating oils (CN codes from 2710 19 81 to 2710 19 99) and lubricating preparations (CN code 3403, transported in bulk or in containers with a capacity exceeding 20 liters), where these products come from another Member State of the European Union (EU) and are intended to be released for consumption in Italy or subject to transit through Italy to be released for consumption elsewhere. Specifically, in order to combat the fraudulent use of lubricating oils and preparations of EU origin, the MD has established that the circulation in Italy of these products, prior to their release for consumption, shall be subject to the request and the issuance of an “Administrative Reference Code” through the computerized system of the Italian Customs and Monopolies Agency (CMA). This code shall be entered in the transport documentation from the Member State of departure, and it shall be verified at the end of the circulation of these products in Italy.
Source: EY
Latest Posts in "Italy"
- VAT audit focus on year-end transfer pricing adjustments
- Fixed Registration Tax Applies to Partial Nullity of Bank Contracts, Not VAT-Registration Alternativity Principle
- Italy’s €25 Billion VAT Gap: How It Compares to the Rest of Europe
- New VAT Exemption Rules for International Transport Services: Expanded Scope for Intermediaries
- Transfer of Accountant’s Client Portfolio Subject to VAT and Fixed Registration Tax, Clarifies Tax Agency
