Daily Tax Report ®

Italy Mulls ‘a Few Years’ of VAT Cuts: Deputy Finance Minister

June 17, 2020, 8:00 AM

Italy’s government may consider cutting VAT for a few years in order to boost consumption, Deputy Finance Minister Laura Castelli says in an interview with state broadcaster Rai Radio 1.

  • The VAT decrease could be associated with the government’s strategy to reinforce digital payments: Castelli
  • The measure could be evaluated by the government, together with possible individual income taxes reduction and tax incentives for companies, Castelli says
  • NOTE, earlier: Italy’s Conte Wants to Stretch Budget More to Help Economy

To contact the reporter on this story:
Flavia Rotondi in Rome at rotondi@bloomberg.net

To contact the editors responsible for this story:
Alessandro Speciale at aspeciale@bloomberg.net

Jerrold Colten

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