Italy cancels 2018 VAT rise
The Italian Council of Ministers have overturned plans to raise the Italian VAT rate from 22% to 25% on 1 January 2018. The reduced VAT will also remain at its current level, 10%, instead of a planned rise to 11.14%.
In the draft 2018 Budget Law there had been a provision to raise the VAT rate if certain improvements in Italy’s fiscal position were not achieved and the € currency membership conditions were not met.
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