SOAC: EXCISE DUTY SIMPLIFICATION AND EXEMPTIONS FOR RELIABLE AUTHORIZED WAREHOUSE KEEPERS
Compared to previous years, the start of 2024 brought minimal changes in excise duty rates or new obligations for excisable products. However, a significant revision to the excise duty regulations was introduced through Government Act 237/2024, aimed at simplifying administrative processes for authorized entities.
Introduction of the SOAC
The act introduces the Soggetto Obbligato Accreditato (SOAC), a status granted by the Agenzia delle Dogane to entities deemed reliable and trustworthy for excise duty payments. Inspired by the Authorized Economic Operator (AEO) model in customs, the SOAC framework is designed to reduce bureaucratic burdens, facilitate trade, and streamline the identification of compliant operators.
Key Benefits of SOAC Status
Entities qualifying as SOACs gain significant advantages, including:
Reduced administrative obligations, particularly in handling fiscal marks.
Exemption from providing a financial guarantee for excise duty payments.
The classification system includes three levels of reliability: Basic, Medium, and Advanced, with a review and renewal process every four years.
Applicable Sectors
SOAC status applies to businesses operating in the following sectors:
Energy products
Alcoholic beverages and alcohol
Tobacco and related products
Electricity and natural gas
Looking Ahead
While the full legislative framework is still being developed, the practical implications of these administrative simplifications remain to be seen. We will continue to monitor developments and provide updates on their implementation and impact.
SUMMARY
Italy’s SOAC (Soggetto Obbligato Accreditato), introduced under Act 237/2024, streamlines excise duty compliance for reliable businesses. Approved by the Agenzia delle Dogane, SOAC status reduces administrative burdens, simplifies procedures, and exempts holders from financial guarantees. Applicable to energy, alcohol, tobacco, electricity, and gas sectors, it.
