Italy Stability Law VAT changes

Fri 9th Jan 2015

Italy has published a number of tax changes in its latest Stability Law 2015. The Italian VAT changes include:

  • Italian VAT rate will rise from 22% to 24% in 2016 in the case where the country misses its Euro currency deficit target of 3%
  • The supply of leisure boats is now subject to the 4% reduced VAT rate
  • Extension of the reverse charge in certain building-related supplies
  • Resident VAT registered businesses no longer have to file the annual tax return summary
  • E-books are subject to the Italian 4% reduced VAT rate
  • Introduction of the domestic reverse charge to: non-domestic gas and electricity supplies, and carbon trading markets

[button_icon icon=”none” url=”/about-us/contact-us/?description=Body,news@vatlive.com”]Click for free VAT & GST news[/button_icon]