VAT news tagged as "Recession"

Italy

Italy VAT rise to 24% 2017

December 15th, 2015

The new Italian Stability Law of 2016 has introduced a potential VAT increase to 24% from 1 January 2017. There would be a second rise in 2018 to 25%. The standard and reduced VAT increases would be as follows: VAT Rate Current Jan 2017 Jan 2018 Standard rate 22% 24% 25% Reduced rate 10% 13% …


Poland

Poland drops VAT cut to 22%

December 8th, 2015

Poland has quietly dropped plans to cut its standard VAT rate from 23% to 22% from 1 January 2016. The change of policy comes following the recent change in government to the Justice Party, and concerns about the continued growth of the country. Summer plans to cut VAT On 8th July 2015, Poland’s government announced …