VAT News

Italy-VAT rate increase

In a law decree recently published in Italy, it was confirmed that increases in the standard and reduced VAT rates would commence from January 2018. The standard rate will increase as follows:

• From January 1, 2018-25%

;•From January 1, 2019-25.4%

;• From January 1, 2020-24.9%;

• From January 1, 2021-25%

Increases to the reduced rate will be as follows:

•From January 1, 2018-11.5 %

;• From January 1, 2019 12%

 • From January 1, 2020-13%

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