25th November 2019

usatoday
13

What is a VAT tax refund?

When visiting Europe, you'll find that many goods and services are assessed a "value added tax," or VAT. If you pay this tax when shopping abroad, you can often get your money back after you've returned home, since travelers are typically entitled to a refund for the VAT portion of prices for goods.

Hereof, what is the VAT in Italy?

VAT Rates and Minimum Purchases Required to Qualify for Refunds
Country of PurchaseVAT Standard Rate*Minimum in Local Currency
Hungary27%54,001 HUF
Ireland23%€30
Italy22%€155
Latvia21%€44

Do I have to charge VAT to Italy?

A VAT-registered UK business does not need to charge VAT on goods it is sending to Italy, provided it keeps documentary proof of export. If the Italian customer is not registered for IVA, and the UK business is not registered for IVA, then UK VAT must be charged.

Do you have to pay taxes in Italy?

Tax rates are progressive and range from 23% to 43%. Additional taxes are due at the regional (0.9% to 1.4%) and local (0.1% to 0.8%) levels. If you're a foreign resident working in Italy, you're only taxed on the income earned in Italy.
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