December 18, 2014
Italy wants to double vat on wood pellets
The Italian government plans to increase the VAT on wood pellets from a current 10% to 22%. With the new tax raise, additional revenues to Italy's budget are expected to go up to € 96 million per year. Italy is Europe's largest pellet consumer with a current annual consumption rate of 3.5 million tons,. Pellets in Italy are used mainly for heating purposes. The new VAT will bring a considerable price increase. For example, a 15 kg bag of pellets in Italy -which now approximatelly costs from 4.8 to ...
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