NEW TAX BENEFITS ON ENERGY PRODUCTS IN ITALY IN 2022
Several regulatory interventions have been implemented in Italy to tackle the costs of energy products occurred at the beginning of the year due, among others, to the increase in demand in the post-Covid phase and the sanctions imposed on Russia by the Member States of the European Union. Italian institutions aimed to reduce the final cost for both companies and private consumers.
The first provision in D.L. n. 4 of 27 January, introduced a tax credit for companies with a high consumption of electricity (energivore) which suffered an increase of at least 30% of the cost for kWh, (when comparing the last quarter of 2021 and the same period in 2019). The tax credit on electricity was subsequently extended to other categories of companies and to natural gas consumption, extending the benefit until 31 December 2022.
In addition to these measures for the exclusive benefit of enterprise, further measures were integrated in March for all consumers. Specifically:
1. Reduction of Asos fee for Electricity
Asos is part of a parafiscal tariff that was affecting the amopunt charged by electricity suppliers to end consumers for about 20% in 2021. The "energy-intensive" companies were the only recipient of reductions on this component, but from the second quarter of 2022, the CSEA decreed the cancellation of this tariff for all categories of consumers until 31 December 2022.
2. VAT reduction on electricity
VAT has been reduced from 22% to 10%, until 31 December 2022.
3. VAT reduction on gas
VAT has been reduced from 10% to 5%, until 31 December 2022.
4. Redetermination of excise duties on fuels
Reductions of excise duty rates were introduced by D.L. n. 21 of 21 March 2022 and extended time to time until the end of the year, as below:
• Petrol: from € 728.40 to € 478.40 per hectolitre;
• Diesel / Diesel: from € 617.40 to € 367.40 per hectolitre;
• LPG used as fuel: from 267.77 to € 182.61 per quintal.