Italian government cancels 2018 VAT rise

31 October 2017

The Italian government recently presented its 2018 draft budget, which excludes the promised standard and reduced VAT rate increases to 25% and 11.5% respectively.

At the beginning of the year, the Italian government announced that if they did not meet certain budgetary targets during 2017, then they would increase the VAT rates to cover the shortfall. However, even though it seems that the budget requirements have not been met the VAT rates will remain at 22% for the standard rate and 10% for the reduced rate.


Find out more about VAT in Italy
LATEST NEWS

Emergency VAT measures to combat the financial impact...

Due to the negative financial impact that the Coronavirus pandemic is having on businesses all over the world, a number of tax authorities have implemented...

SEE MORE
LATEST NEWS

Fiji VAT on e-services provided by remote sellers

Fiji is proposing to extend its Value-Added Tax (VAT) regime to apply to the sales of electronic services supplied by non-resident (foreign) companies to...

SEE MORE
LATEST NEWS

Chile imposes VAT on foreign electronic services

From 1 May 2020, Chile will extend its Value-Added Tax (VAT) system to cover digital services supplied by non-resident (foreign) companies to consumers in the...

SEE MORE

Gated Content

The following email providers are not accepted: gmail, hotmail, yahoo. Please use proper company email.