Italian austerity package: capital gains tax rises, but not VAT

Matthew Gilleard

August 15, 2011

As part of a package of austerity measures aimed at cutting the country’s deficit, Italy has announced an increase in the capital gains tax rate, from 12.5% to 20%. Surprisingly, however, the VAT rate has remained unchanged for now.

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Italian austerity package: capital gains tax rises, but not VAT

As part of a package of austerity measures aimed at cutting the country’s deficit, Italy has announced an increase in the capital gains tax rate, from 12.5% to 20%. Surprisingly, however, the VAT rate has remained unchanged for now.

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