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Italy cancels 2018 VAT rise

  • EU VAT
  • 20 October 2017 | Richard Asquith

Italy cancels 2018 VAT rise

The Italian Council of Ministers have overturned plans to raise the Italian VAT rate from 22% to 25% on 1 January 2018. The reduced VAT will also remain at its current level, 10%, instead of a planned rise to 11.14%.

In the draft 2018 Budget Law there had been a provision to raise the VAT rate if certain improvements in Italy’s fiscal position were not achieved and the € currency membership conditions were not met.

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VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He is part of the European leadership team which this year won International Tax Review's Tax Technology Firm of the Year. Richard qualified as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.