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.
LATEST NEWS
Belgium approves draft law for near-real-time...
July saw the Belgian Council of Ministers approve a preliminary draft law to introduce near-real-time electronic reporting of certain invoice data to the tax...
SEE MORE
LATEST NEWS
Luxembourg proposes the introduction of electronic...
This month Luxembourg’s Government approved a draft law to introduce mandatory structured business-to-business (B2B) e-invoicing for domestic transactions...
SEE MORE
LATEST NEWS
Germany's action plan signals move toward...
Germany has announced a 26-point “Action Plan” against tax and financial crime, which aims to increase detection risk, strengthen enforcement, and improve...
SEE MORE