Monday, October 6, 2014

Mef, stable tax revenue: -0.4%. VAT revenue up 3.2% – Il Sole 24 Ore

Mef, stable tax revenue: -0.4%. VAT revenue up 3.2% – Il Sole 24 Ore

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This article was published on 6 October 2014 at 16:00.
The last change is the 6 October 2014 at 16:23.

Income Tax stable between January and August 2014: decline of 0.4% recorded in the the first eight months of the year is accompanied by a positive signal that comes from VAT, which instead marks an increase of 3.2 per cent (+2,159 million euro). In this case, the positive performance impact of VAT on internal trade (+ 4.1%, to EUR 2,431 million) and the further decline for the fourth consecutive month (-2.7%) of the negative component of the VAT on imports from non-EU countries. The report on tax revenues of the Ministry of Economy released today finds in the period a total revenue of 266.06 billion euro (-1050000000).

slight decline in personal income tax, IRES at -18.7 %
Among direct taxes, which together registano a decrease of 3.5% compared to 2013 (-5158 million euro), personal income tax and a slight decrease of 0.8% ( -928 million euro), which reflects the change in the withholding tax on the income of private sector employees (-0.8%), withholding tax on the incomes of public sector employees (-1%) and the self-employed (-2, 5%), which were partially offset by an increase in self-assessment payments (+ 0.8%). The IRES shows a decline of 18.7% (-3.531 billion euro), due mainly to lower payments on account balance in 2013 and 2014, made by banks and insurance companies as a result of the increase of the amount of the down set in 2013, for these taxpayers, to 130% by Dl n. 133/2013.

Set income -740 million euro
In terms of direct taxes, the substitute tax on interest and other investment income is reduced by 10.3% (-740 million), while the replacement on asset management and administration of 26.2% (-409 million). It grows instead of 110.7% (+465 million) the revenue from withholding tax on profits distributed by legal persons as a result, both the increase of dividends paid in 2014, and of the changes to the taxation of financial income.

The proportion allocated to the Treasury Imu
substitute tax on the higher values ​​of the shares in the capital of the Bank of Italy provides a yield of 1.692 miliondi euro, while amounts to 236 million tax on revaluation of corporate assets and investments, for which there are three annual payments of the same amount (16 June, 16 September and 16 December). Increase by 5% (+93 million euro) amounted to 1,955 million euro, the revenue paid to the Treasury resulting from the IMU property to productive use cadastral classified in Group D and 46.8% (+203 million ), amounting to 637 million, the substitute tax on income for the revaluation of investments and the reopening of the terms was provided for by the 2014 Stability Law

Assessment and controls, revenue growth in
Good news for the trend of revenue relative to tax revenues resulting from the assessment and control, which is an increase of 14.2% (+681 million euro). Mild crecita during the period for income relating to games: + 0.5% (36 million euro).



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