Italy Gazettes Promulgating Law Providing Energy Support for Businesses, Households

The Italian Official Gazette Nov. 28 published Law No. 169, promulgating, with amendments, Decree-Law No. 131, providing support measures for businesses and households, due to increased energy prices. The decree-law includes measures: 1) extending the 5 percent reduced VAT rate on district heating, and methane gas for industrial and certain other uses, for the fourth quarter of 2023; 2) extending zero-rated VAT on gas system charges, for the fourth quarter of 2023; 3) applying the reduced 5 percent VAT rate to the difference between estimated consumption, and amounts recalculated based on actual consumption, for the fourth quarter of 2023; 4) ...