- Italy’s sugar tax aims to reduce the consumption of certain “sweetened drinks,” with a high content of added sweeteners.
- As of 1 January 2023, depending on the party subject to pay sugar tax and its supply chain, different fulfilments may have to be met, among which are registration with Italian customs authorities, summary statements, a monthly tax return and finally payments.
- Businesses should start assessing the impact of the new tax (specifically verifying sweeteners and total sweetener content) and also start implementing the new compliance processes.
Source EY
