Italy VAT increase to 25.9% 2019 (03-02-2017)

In the 2017 Budget law, Italy confirmed a number of potential VAT increases. These will only be applied if the country fails to met a range of budget targets, including meeting the Euro currency 3% fiscal deficit rule.

The propsed rate increases are:

Standard VAT rate

Increase from 22% to 24% on 1 Jan 2018
Increase from 24% to 25.9% on 1 Jan 2019
Reduced VAT rate

Increase from 10% to 13% on 1 Jan 2018
There will be no change to the 4% Super Reduced VAT rate.

 

 

Courtesy of VATlive.com

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