Italy increases standard VAT rate on January 1, 2017

The Italian government has decided to increase their standard VAT rate from 22% to 24% starting January 1, 2017. The reduced VAT rate will increase from 10% to 13% on some supplies, and as of May 1, 2016, the new VAT rate of 13% will be applied to accommodation. In 2018, the Italian VAT standard rate is planned to be increased once more, up to 25%.

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