16 July 2021

Italy – VAT Rate Increase in 2021 and 2022

The Italian government recently announced that if certain budgetary targets are not met by 2020, it will implement a number of VAT rate increases.

This includes:

an increase in the reduced rate from 10% to 12% from 1st January 2021
an increase in the standard rate from 22% to 25% from 1st January 2021 and to 26.5% from 1st January 2022

16 July 2021

OTHER VAT BRIEFS VAT rates

European Union – Clarification of the Scope of “Quick fixes”

The simplification measures introduced by “Quick fixes” only apply if the supplier has not established their business, or has no permanent facility, in the Member State the goods are transported...

Country Briefs

Quick Fixes

17 February 2020

European Union – Clarification of Losses for Sales Under Deposit Contracts

The European Commission’s VAT Committee acknowledges that small losses of property, which result from the very nature of the property, unforeseeable circumstances or an authorisation or instruction from the competent...

Country Briefs

Quick Fixes

17 February 2020

European Union – Communication of VAT number for Chain Transactions

A VAT number may be communicated by any means as long as there is proof the number has been received by the supplier. It may be that exchanging e-mails is...

Country Briefs

Quick Fixes

17 February 2020

European Union – Clarification of Sales under Deposit Contracts

The European Commission expects Member States to accept all forms of electronic records for supplier record keeping. The only requirement is that the data be easily accessible and retrievable by...

Country Briefs

Quick Fixes

17 February 2020