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Change in number of VAT identification numbers activated in the hospitality industry in Italy in 2020, by sector

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Source

Release date

May 2021

Region

Italy

Survey time period

2020

Special properties

change in activated VAT registration numbers compared to the previous year

Citation formats

Change in activated VAT numbers in the hospitality industry in Italy 2020

Published by ÌÇÐÄÆƽâ°æ Research Department, Jun 15, 2021
VAT identification numbers represent companies or entities that are subject to pay value added taxes. In several countries worldwide it is a requirement to activate a VAT identification number when opening a new business or starting a company. In the hospitality industry in Italy, roughly ** percent fewer VAT identification numbers were activated in 2020 over the previous year. The lodging sector recorded the highest decrease, with a **** percent year-on-year drop in newly activated VAT numbers.
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