Italy

Is there a legal rule in Italy on the validity period of Giftcards? ›

In Italy there is no single uniform legal rule on the validity period of Giftcards. Case law requires that validity may not be unreasonably short. Typical validity periods are between 12 and 24 months.

What special rules apply in Italy to the sale, issuance, or redemption of Giftcards? ›

Giftcard sales in Italy are subject to general trade laws. Electronic Giftcards must comply with GDPR data-protection requirements and be documented for tax purposes.

How are Giftcards treated for tax purposes in Italy (VAT, single-purpose / multi-purpose)? ›

Italy has implemented EU Directive 2016/1065. Single-purpose Giftcards are subject to VAT (IVA) on issue; multi-purpose Giftcards are subject to VAT on redemption.

What consumer rights apply in Italy for expired Giftcards? ›

Under Italian law, a Giftcard expires on its expiry date. If the period is unreasonably short or not stated, it can be considered inadmissible under consumer protection law.