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VAT take up 4.6% Jan-Feb

Up 7.6% on domestic trade

07 April, 16:22
VAT take up 4.6% Jan-Feb (ANSA) - Rome, April 7 - Italy's VAT take rose 4.6% in January and February over the same period last year, the economy ministry said Monday.

VAT revenue on domestic trade was up 7.6% and down 8.2% on exports, it said.

Higher VAT proceeds indicate greater economic activity.

Italy is slowly emerging from its longest postwar recession.

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