Standard VAT rate

22%

Country code

IT

Reduced VAT rates

4%, 5%, 10%

Super reduced rate

4%

VAT returns

Monthly or Quarterly payments plus Annual returns

VAT number format

IT 1234 5678 901

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Latest news from Italy

UPDATE: Italy postpones online marketplaces’ VAT fraud obligations

Italy has postponed plans to make online marketplaces responsible for the VAT on sales of electronic goods under a value of €150, made by non-EU sellers to January 2021. Under the new rules, online marketplaces will acquire the goods from the non-EU seller and then undertake the local sale to the consumers themselves. The marketplace… Read More

Italy attempts to avoid VAT hike

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… Read More

Italian tax office publishes guidance on VAT treatment of goods in the event of a no deal Brexit scenario

Italy published guidance relating to the VAT treatment of goods sold between the UK and Italy in the event of a no deal Brexit. This guidance states that in the event of a no-deal scenario, movements of goods between the two countries will no longer be treated as zero-rated intracommunity movements. Instead, they will be… Read More