November 24, 2020
Italian Government proposes changes to tax on plastic items
Italy's proportional tax on manufactured plastic products for single use (MACSI), aimed at reducing the production and consumption of plastic and expected to enter into force as at 1 January 2021, may be subject to changes and postponement.
In fact, the Draft Budget Law for 2021 contains several changes and specifications regarding application of the tax.
Specifically, the draft legislation includes:
Finally, based on the draft legislation, the tax will be effective as from 1 July, rather than 1 January 2021 as originally proposed.
It is important to note that the Budget Law may be subject to further changes before final approval. Future Alerts will report on any developments.
For additional information with respect to this Alert, please contact the following:
Studio Legale Tributario, Rome
Studio Legale Tributario, Milan
Studio Legale Tributario, Treviso
Studio Legale Tributario, Turin
PDF version of this Tax Alert