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Italian government proposed to zero VAT on bread and milk

Uncooked Pasta
Cow Milk
Bakery & Bread
Italy
Published Nov 22, 2022

Tridge summary

The Italian government at a meeting on November 21 will consider a proposal to zero (the second option is a two-fold reduction) VAT on a number of basic food products, national media reports. We are talking, in particular, about bread, milk and pasta. In 2022, the cost of gas and electricity in Italy has already increased several times and continues to grow. The price of gasoline has risen by half. Heads of thousands of companies from different sectors of the economy note that this situation puts them on the verge of profitability.

Original content

The Italian government at a meeting on November 21 will consider a proposal to zero (the second option is a two-fold reduction) VAT on a number of basic food products, national media reports. We are talking, in particular, about bread, milk and pasta. In 2022, the cost of gas and electricity in Italy has already increased several times and continues to grow. The price of gasoline has risen by half. Heads of thousands of companies from different sectors of the economy note that this situation puts them on the verge of profitability. A 10-25% increase in prices for basic foodstuffs is recorded. According to preliminary estimates, the country's GDP growth rate will halve, and inflation (which has exceeded the ...
Source: Milknews
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