08.19.22
Introduction of the plastic tax
Multiple countries are enacting legislation with a distinctly ‘green’ agenda. More recently, this year in April 2022 we oversaw the introduction of the plastic tax in the United Kingdom.
Italy is enacting similar legislation with the introduction of the plastic tax on 1st January 2023.
In many respects analogous to its UK counterpart, it aims to incentivise the use of recycled plastic.
The below provides a summary of the main changes:
- The tax applies to manufactured products for single use (MASCI)
- All plastic is included with some exceptions (including compostable plastics, recycled plastic and plastic used for medical ends)
- As in the UK, the tax is not set as a fixed percentage but will be charged at 450 Euros per tonne of plastic
- The tax must be reported quarterly.
Spain is also enacting similar legislation. Please refer to this month’s Spain compliance updates for further information.
Browse Italy updates
Authorization for split payment mechanism
- Country updates
Split payment renewal
- Country updates
Introduction of free services via new API Management platform
- Country updates
Public consultation on ViDA proposal
- Country updates
Circular clarifying delayed sending of e-invoicing
- Country updates
VAT registration threshold increase
- Country updates
Pre-filled VAT returns
- Country updates
VAT reduction extension for district heating service contracts
- VAT/G(S)ST rate information
Postponement of the Plastic Packaging Tax (PPT)
- Other applicable taxes
Update on storage of e-invoicing data
- Mandate information
Compilation Guide update
- Country updates
Natural gas and energy providers – VAT mitigation
- VAT/G(S)ST rate information
New technical specifications
- Country updates
Extension of reduced VAT rates
- VAT/G(S)ST rate information
Increase in stamp duty deferment threshold for e-invoices
- Country updates
Extension of e-invoicing mandate scope
- Mandate information
Introduction of the plastic tax
- Other applicable taxes
Expansion of scope of e-invoicing mandate
- Mandate information
Further VAT-related measures in response to Covid-19
- VAT/G(S)ST rate information
2022 budget confirms delay to plastic and sugar tax and reduction in gas VAT rate
- VAT/G(S)ST rate information