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Italy VAT increase to 25.9% 2019


Italy VAT increase to 25.9% 2019

In the 2017 Budget law, Italy confirmed a number of potential VAT increases. These will only be applied if the country fails to met a range of budget targets, including meeting the Euro currency 3% fiscal deficit rule.

The propsed rate increases are:

Standard VAT rate

  • Increase from 22% to 24% on 1 Jan 2018
  • Increase from 24% to 25.9% on 1 Jan 2019

Reduced VAT rate

  • Increase from 10% to 13% on 1 Jan 2018

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

 

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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.