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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