Latest news from Italy

Italy to introduce B2B real-time invoice reporting from 1 January 2019

From 1 January 2019, Italy will introduce a new mandatory real time invoice-reporting regime that will apply to all domestic business-to-business (B2B) transactions in the country. This new regime will require all businesses, both resident and non-resident, that sell to other VAT registered businesses in the country, to declare these sales to the Italian tax… Read More

Italy plan to increase VAT rates from 1 January 2019

The Italian government have announced the following VAT rate increases in their recently published stability budget. Standard VAT rate Will increase from 22% to 24.2% from 1 January 2019 A further increase to 24.9% from 1 January 2020 A further increase to 25% from 1 January 2021 Reduced VAT rate Will increase from 10% to… Read More

Italian government cancels 2018 VAT rise

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… Read More