VATupdate

Italy – VAT changes effective 2015 | KPMG | GLOBAL

The reverse-charge mechanism is expanded to service sectors other than services provided in the real estate and construction sectors.A split-payment system is made available for goods and services supplied to Italian public bodies.The VAT rate for e-books is reduced to 4%.The various rates of VAT will gradually increase beginning in 2016, with the standard VAT rate increase to be phased in—from 22% in 2015 to 25.5% by 2018.

via Italy – VAT changes effective 2015 | KPMG | GLOBAL.

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