Italy claims no need for 2013 1% VAT rise

Wed 13th Feb 2013

The outgoing technocrat Prime Minister of Italy, Maria Monti, last week claimed that due to fiscal tightening there was possibly no need to raise Italian VAT to 23% in 2013, as planned.

Campaigning in Italy for the next general elections is well underway. This has included claim and counter-claim on the need for a VAT rise in Italy this year. Italian VAT has been raised by 1% in both 2011 and 2012 during the height of the Euro currency crisis.