Italy proposes to increase VAT rate if budgets are not met

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The Italian government has announced that if certain budgetary targets are not met within 2017 then there could be a number of potential VAT rate increases from 1st January 2018. These increases include:

  • The reduced 10% VAT rate being increased by three percent (from 10% to 13%) from 1st January 2018
  • The standard VAT rate being increased:
    • from 22% to 24% from 1st January 2018
    • from 24% to 25.9% from 1st January 2019

There will be no change to the 4% Super Reduced VAT rate.

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