'Momentous': Italy to slash art VAT to 5%, the lowest rate in the EU
"It's a momentous turning point," says Sirio Ortolani, the president of ANGAMC. "Italy can finally become a great international hub, attracting galleries from all over Europe and major fairs."
Chancellor warned if she fails 'to act decisively' the collapse of the hospitality sector will be a 'human tragedy' - London Business News | Londonlovesbusiness.com
64.4% of hospitality and night economy businesses support VAT reduction due to severe financial challenges.