Italian promoters welcome concert VAT cut
The reduction in VAT paid by "intermediaries" working in live music has been praised by promoters' association Assomusica as bringing Italy's tax code "up to date"
News By | 3 November 2017
Italian promoters’ association Assomusica has welcomed a reduction in VAT on concert professionals to 10%, saying the move, enshrined in Italy’s 2018 budget law, recognises the “new reality” of the modern, production-heavy live music business.
“We welcome this measure, which we have expected since 2007, absolutely,” comments Assomusica president Vincenzo Spera. “We worked with parliamentarians and ministers to come to this conclusion [and] thank the government for adopting this law, and all those who have worked for us.”
The budget law extends…
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