VAT news tagged as "Stability package 2015"


Italy ditches 2% VAT hike

November 2nd, 2015

Italy has dropped its commitment to raise VAT from 22% to 24% in 2016. The rise was included in the country’s 2014 emergency stability package, and based on the country not hitting Euro currency deficit reduction targets.  The VAT hike clause also included a potential further rise to 26.5% by 2018.  The measure was proposed under …