The postponement of VAT will be offset by higher tax payments and a tax on electronic cigarettes. Articles 10 and 11 of the decree law approved today by the Council of Ministers provide for it. In detail: the postponement from July to October of the one-point increase in VAT, from 21% to 22%, will be guaranteed by a financial cover composed in part by the tax on electronic cigarettes and, in a much more substantial way, by advances more expensive Irpef, Ires and Irap taxes.
The total charges for the three-month postponement of the VAT increase are quantified in article 11 of the decree, dedicated to financial coverage, as 864,6 million for 2013, 117 million for 2014, 112 million for 2015, 51 million for 2016 and one million from 2017.
