Rome

VAT rise postponed until October, says Letta

Three-month delay in 1% rise in top band

VAT rise postponed until October, says Letta

(see related story) Rome, June 26 - Premier Enrico Letta said Wednesday that his left-right government decided at a cabinet meeting to postpone until October a 1% rise in the top band of value added tax (VAT) scheduled for July. The government is trying to find the money to be able to avoid the increase in the top band of VAT from 21% to 22%.

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