The amendment is made to the article of the IRS Code that covers deductions granted through all or part of the VAT borne on the expenses of restaurants, hairdressers, workshops, or transport passes.

According to the approved text, an amount corresponding to the total VAT borne by any member of the household, which appears on invoices relating to the acquisition of subscriptions to periodicals (newspapers and magazines), including digital ones, taxed at the reduced rate of VAT, communicated to the Tax and Customs Authority.

Currently, the limit for expenses requiring invoices in the various activities covered is set at 250 euros.

The PSD proposal clarifies that this deduction covers periodical subscriptions whose invoice is issued by companies with the registration of activity (CAE) in newspaper editions and editions of magazines and other periodicals.