Slight rise in Italian VAT

On the September 27th the Italian Council of Ministers met to discuss the proposed VAT increase. Their aim was to postpone the VAT rate increase to the 1st January 2014 but unfortunately a decision was not made.

As a result, from the 1st October 2013, the standard rate of VAT in Italy goes up from 21% to 22%.

Other rates of taxation in the country remain the same, including the minimum rate of 4% and the reduced rate of 10%.