- On December 15, 2023, the Law Decree no 145/2023 became law, enacting provisions on economic and fiscal matters.
- Article 4-quater of the law amended point no. 80) of Table A, Part III of Presidential Decree No. 633/72, specifying that nutritional supplements are subject to a reduced VAT rate of 10%.
- To benefit from the reduced VAT rate, nutritional supplements must be classified under customs heading 2106 of the Combined Nomenclature, which is dedicated to food preparations not elsewhere specified or included. The confirmation by the Italian Customs Authorities is crucial for applying the reduced VAT rate.
Source PwC
- Join our Linkedin Group on ”VAT Rates – Legislative changes”, click HERE
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
