10 May 2019
The Italian government are trying to avoid increasing the countries standard VAT rate from 22% to 24.2%, this increase is scheduled for January 2020.
Due to Italy having the second highest level of debt in the European Union, they previously agreed with the European Commission (EC) to increase their VAT rates if certain budgetary targets were not met.
It now seems that even though these targets will not be achieved, the current Italian government are adamant that the VAT rate in the country will not increase as agreed.
LATEST NEWS
EU council struggles to agree on the removal of the...
The EU is struggling to finalise changes to its Import One Stop Shop (IOSS) system as part of the 2028 Customs Reforms, with member states divided over plans...
SEE MORE
LATEST NEWS
Austria proposes a €2 customs charge on a per parcel...
Austria is proposing to impose a €2 charge on e-commerce low-value imports (under €150) entering Austria from outside the European Union from October...
SEE MORE
LATEST NEWS
Grenada to introduce VAT on foreign digital services
At the end of April 2026, Grenada introduced its new Value Added Tax (Amendment) Bill 2026, which will extend its VAT system to include digital services...
SEE MORE