Bloomberg News

Italy Plans to Postpone Vat Hike by 2% to July 2013, Ansa Says

July 05, 2012

July 5 (Bloomberg) --Prime Minister Mario Monti’s government may postpone a 2 percentage points increase of the value-added tax planned for October to July 2013, news agency Ansa reported, citing a draft of a decree law that is being discussed at a cabinet meeting today.

The draft doesn’t include any plan, previously reported by the Italian press, to freeze the rates for electricity, gas, water and transportation until 2013, Ansa said.

To contact the reporter on this story: Chiara Vasarri in Rome at cvasarri@bloomberg.net

To contact the editor responsible for this story: Chiara Vasarri at cvasarri@bloomberg.net


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