Italy’s 2016 budget law includes changes to the tax law, with these tax measures generally being effective 1 January 2016.
Among the tax changes affecting business taxation are the following:
There also are measures that phase in an increase of the rates of value added tax (VAT), with the standard VAT rate to increase from 22% to 24% (effective 2017) and to 25% (effective 2018).
Read a February 2016 report [PDF 298 KB] prepared by the KPMG member firm in Italy: Italy – Tax highlights of the 2016 budget law
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