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.