The Council of Ministers approved a decree law aimed at containing bill costs resulting from price increases in the electricity and natural gas sector. The 5% VAT rate for methane gas supply will be extended, and tariff components for gas sector system charges will be maintained at zero for the third quarter of 2023. Additional benefits are provided for economically disadvantaged and medically vulnerable domestic customers, and the deadline for the payment of substitute tax on profits and reserves distributed by foreign companies to fiscally resident shareholders in Italy is deferred to September 30, 2023
Source: eutekne.info
Latest Posts in "Italy"
- Italian Revenue Agency issues ruling on VAT treatment of intra-entity services between Italian and UK fixed establishments of foreign company
- Companies Must Opt for VAT Group by September 30 for 2026 Implementation
- Tax Authority Clarifies VAT on Rechargeable Fuel Cards: Implications for Businesses and Professionals
- Tax Benefits for Construction and Restoration Companies: 10% VAT Rate Explained
- Italian Tax Authorities Remove Non-EU Companies from VIES for Failing New VAT Guarantee Requirements