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Italy Stability Law VAT changes

  • Jan 7, 2015 | Richard Asquith

Italy Stability Law VAT changes

Italy has published a number of tax changes in its latest Stability Law 2015. The Italian VAT changes include:

  • Italian VAT rate will rise from 22% to 24% in 2016 in the case where the country misses its Euro currency deficit target of 3%
  • The supply of leisure boats is now subject to the 4% reduced VAT rate
  • Extension of the reverse charge in certain building-related supplies
  • Resident VAT registered businesses no longer have to file the annual tax return summary
  • E-books are subject to the Italian 4% reduced VAT rate
  • Introduction of the domestic reverse charge to: non-domestic gas and electricity supplies, and carbon trading markets

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 won International Tax Review's 2020 Tax Technology Firm of the Year. Richard trained as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.