Italy's Council of Ministers has issued a release announcing its approval of the State Budget for 2023 and the multi-year budget for 2023 to 2025 during its meeting held on 21 November 2022. Some of the main tax-related measures noted in the release include: Extending the tax credits for the purchase of electricity and natural gas through March 2023, along with an increase in the credit amount from 40% to 45% for energy-intensive and gas-intensive companies and from 30% to 35% for other companies; Reducing the VAT rate from 10% to 5% for baby products and feminine hygiene products; Increasing...