In response to an inquiry, the Italian Revenue Agency clarifies the applicable VAT rate for a dietary product classified under a specific code. The determination of the correct rate depends on the technical assessment conducted by the Customs Agency. Based on the classification, a reduced VAT rate is deemed applicable to the dietary product, categorized as a ‘different food supplement’ contributing to overall well-being
Source: eutekne.info
Latest Posts in "Italy"
- CPB: Early Exemption from Compliance Visa for VAT Credit Offsetting up to 70,000 Euros
- 10% VAT Applies to Musical Entertainment Accessory to Restaurant Services, Rules Italian Supreme Court
- Deductibility of Non-Deductible Pro Rata VAT: Cash or Accrual Basis for Businesses?
- Expense Recharging Between Unassociated Professionals: VAT Rules and Invoicing Obligations Explained
- EU VAT Showdown: Is User Data a Taxable Payment for Free Digital Services?