What is the rate of vat in italy
Italian VAT rates remain the same for 2019. But, the standard VAT rate, which is currently 22%, will increase to 25.2% in 2020 and to 26.5% in 2021. The reduced The Italian standard VAT rate is 22.0%, which is above the OECD average. Italy applies reduced VAT rates of 4%, 5% and 10% to a number of goods and The VAT regime has replaced the General Agreement on tax Revenue (IGE) which had replaced another tax on trade in 1940. IGE, even with a lower rate than