Reduction of the value of goods sold to foreign travelers for VAT relief

• The value of goods sold to foreign travelers for VAT relief has been reduced from 154.94 to 70 euros.
• The reduction applies to sales made from February 1, 2024.
• The reduction aims to support the recovery of the national tourism industry and enhance the international attractiveness of Italian tourism.
• The reduction allows non-EU residents to benefit from the tax relief when purchasing goods for personal or family use to be transported in their personal luggage outside the EU.

Source: ipsoa.it

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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