Italy plans levy on extra-EU parcels, higher taxes on financial transactions targeting online platforms like Shein, Temu
Italy plans levy on extra-EU parcels, higher taxes on financial transactions targeting online platforms like Shein, Temu
Italy plans levy on extra-EU parcels, higher taxes on financial transactions
The contribution on low-value postal packages, set at 2 euros for each shipment, is expected to garner 122.5 million euros next year and 245 million in both 2027 and 2028, according to parliamentary documents seen by Reuters.
With this move, which is in line with a proposal being discussed at European Union level, Italy targets online platforms such as Shein and Temu and aims to protect its fashion industry from low-cost foreign imports mostly from China.
EU customs authorities handled around 4.6 billion low-value packages bought online in 2024, 91% of them coming from China and double the 2023 figure, latest data shows.
The government also intends to increase Italy's tax weighing on the transfer of shares and other financial instruments to 0.4% from a current 0.2%, in a move that should yield an additional 337 million euros from next year.
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