Increase in Italian VAT rates if budgetary targets are not met

23 December 2015

The Italian government has announced that if certain budgetary targets are not met within 2016 then there could be a gradual increase in the Italian VAT rates from 1st January 2017. The increases would include:

  • The reduced 10% VAT rate being increased by three percent (from 10% to 13%) from 1st January 2017
  • The standard VAT rate being increased:
    • from 22% to 24% from 1st January 2017
    • from 24% to 25% from 1st January 2018
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