Despite being a member of the EU, Italian customs has its own unique set of criteria and list of compliance requirements that must be met for tech goods to be cleared successfully.
Additional to the high import taxes, Italy also applies a high 22% VAT rate.
While many Italian companies are family-run SMEs, some believe this provides a competitive advantage over the giants situated elsewhere. This positive attitude toward digitalization and solid industrial base means Italy cannot be overlooked, but the question is whether this is enough to match neighboring countries in the region. This concern is mainly due to weaknesses in the Italian infrastructure and the education system. However, the nation still poses a reliable investment opportunity for those in the tech industry
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