In the period January-August 2014, tax revenues assessed on the basis of legal competence were down 0.4%, due to lower direct taxes (-3.5%) and an increase in taxes indirect (+ 3.4%). Total revenues amounted to 266.06 billion (EUR -1.05 billion euro, equal to -0.4%). Direct taxes amounted to 142.603 billion (EUR -5.158 billion euro, equal to -3.5%) and indirect taxes amounted to 123.457 billion (€ +4,108 million euro, equal to 3.4% ). DIRECT TAX – The income tax revenue, which stood at 108.372 million euro (-928 million euro, equal to 0.8%), reflects the performance of the following components: • withheld on the income of private sector employees , 46.047 million euro (-381 million euro, equal to 0.8%); • withholding tax on incomes of public sector employees, 44.672 million euro (-440 million euro, equal to -1.0%); • withholding tax on income from self-employed, 8.389 million euro (-217 million euro, equal to -2.5%); • withholding of payment for payments relating to credit transfers arranged by taxpayers to benefit from deductible expenses or expenses for which it is the tax deduction (art. 25 of Decree Law no. 78/2010), 630 million euro (+41 million euro, equal to 7.0%); • payments in self-assessment, 8,634,000 (€ +69 million euro, equal to +0.8%).
The IRES was equal to 15.311 billion euro (-3.531 billion euro, equal to -18.7%) and 5.704 million (EUR -1.42 billion euro, equal to -19.9%) can be attributed to the balance and 9.607 million (EUR -2.111 billion euro, equal to – 18.0%) the interim. From the substitute income tax and withholding tax on interest and other investment income are accrued 6.431 million euro (-740 million euro, equal to -10.3%): • 1,087 million euro (-638 million euro amounted to -37.0%) from withholding tax on interest and premiums paid by the lenders (Chapter 1026, Article 5); • 3.491 million euro (-447 million euro, equal to 11.4%) by the substitution of interest and premiums for bonds and similar securities (Chapter 1026, Article 23); • 1,853 million (€ +345 million euro, equal to 22.9%), other revenue. 1026 article on Chapter 5 flows, in particular, the loss of revenue to € 307 million recorded in February relative to the balance of withholding tax on interest and premiums paid by banks in the year 2013, which was impacted by ten points percentage of the advance, as required by Article 11, paragraph 21, of the DL n. 76/2013, already paid in October 2013 and to 295 million euro in June for the first down payment of such taxes for 2014 is scheduled for the payment of two payments in June and October in the relevant year, calculated on the bases of the previous year, and the balance that is poured in February of the following year. Article 5 also joins the substitute tax on interest paid on postal savings certificates placed by the Italian Post Office on behalf of the Deposits amounted to 208 (-7 million euro, equal to -3.3%), for which there is an annual payment in installments by April 30 of the year following the reference year. The substitute tax referred to in Article 23 of Chapter 1026, interest and premiums on bonds and similar securities that pays monthly by the fifteenth day of the month following the reference year and with an annual balance to be paid within the period of the annual balance Income Tax (art. 4 of Legislative Decree no. n. 239/1996), decreases of 447 million euro (-11.4%). Derives revenue amounted to 885 million euro (+465 million euro, equal to + 110.7%) from withholding tax on profits distributed by legal persons and 2.113 million euro (-64 million euro, equal to -2.9 %) from the tax on actuarial life business. The substitute tax on capital income and on capital gains amounted to 1,151 million euro (-409 million euro, equal to -26.2%). The substitute tax on the higher values of the shares in the capital of the Bank of Italy totaled 1,692 million euro, while it amounted to 1,955 million euro (+93 million euro, equal to 5.0%) l ‘ council tax resulting from the property to productive use cadastral classified in Group D (IMU).
INDIRECT TAXES – In the period from January to August 2014, VAT revenues totaled 70.434 billion (€ +2,195 million euro, equal to 3.2%): • 61.859 million euro (+ of 2,431 million euro, equal to 4.1%) are derived from the component relating to internal trade; • 8.575 million euro (-236 million euro, equal to -2.7%) flock from the levy on imports. The proceeds of the tax on transactions has the following changes: • the registration tax has generated revenue of 2,874 million euro (+215 million euro, equal to 8.1%); • stamp duty for 6.049 billion euro (-248 million euro, equal to 3.9%) of which 3.289 million (€ +254 million euro, equal to 8.4%) from the flock taxes collected in the ordinary way; 2612000 (EUR +198 million euro, equal to 8.2%) from the taxes collected as a result of the measures envisaged by DD.LL. n. 98 and 201 of 2011; 138 million euro (-695 million euro, equal to -83.4%) from stamp duty on special financial assets shielded; • taxes and mortgage to 1,009 million euro (-260 million euro, equal to -20.5%); • the rights of land and engaged for 399 million euro (-123 million euro, equal to -23.6%). Among other business taxes, insurance tax amounted to € 1,907 million (-57 million euro, equal to -2.9%), the radio and TV license fees 1,673 million euro (-27 million euro, -1.6%), the government concessions to 985 million euro (-121 million euro, equal to – 10.9%) and vehicle taxes to 416 million euro (-16 million euro amounted to -3.7%).
The excise duty on energy products, their derivatives and similar products (mineral oils) amounted to 15.87 billion euro (+1,017 million euro, equal to 6.8%), the excise duty on ‘Electricity and additional amounts to 1,798,000 (+277 million, or 18.2%), while the excise duty on natural gas for combustion (methane) generated revenues of EUR 2.875 billion (+451 million euro , equal to 18.6%). Positive tax revenues whose performance is not directly related to the economic situation (+ 0.7%): • the total revenue related to games (which include various taxes classified as direct and indirect tax revenues) amounted to 7,716,000 (€ +36 million euro, equal to 0.5%); considering only indirect taxes, the proceeds of the activities and games (lotto, lotteries and other gambling activities) is 7.509 million euro (33 million euro, equal to 0.4%); • the proceeds of the tax on the consumption of tobacco amounted to 7.045 million euro (+99 million euro, equal to 1.4%); • tax on inheritance and donations has recorded revenue of 380 million euro (-27 million euro, equal to -6.6%).
ANALYSIS OF THE FLOW OF THE MONTH – In August 2014 recorded total revenue of 33.447 billion euro (+252 million euro, equal to 0.8%). Direct taxes amounted to 14.421 million euro (-288 million euro, equal to -2.0%). The personal income tax revenue amounted to 11.724 million euro (-364 million euro, equal to -3.0%). The IRES recorded a revenue of 1.616 billion euro (66 million euro, equal to 4.3%). From the substitute income tax and withholding tax on interest and other investment income are accrued 349 million euro (-227 million euro, equal to -39.4%). Derives revenue amounted to 184 million euro (+130 million euro, equal to + 240.7%) from the substitute tax on capital income and capital gains. The indirect taxes amounted to 19.026 billion euro (+540 million euro, equal to 2.9%). The monthly VAT amounted to 13.174 billion euro (+500 million euro, equal to 3.9%): 12.162 million (EUR +470 million euro, equal to 4.0%) are derived from the component internal trade and 1,012 million euro (+30 million euro, equal to 3.1%) levies on imports. The excise duty on energy products, their derivatives and similar products (mineral oils) totaled 2,209 million euro (+14 million euro, equal to 0.6%), while the excise duty on natural gas for combustion (gas methane) generated revenue of 333 million euro (+13 million euro, equal to 4.1%).
tax revenues (ROLES) – In January-August 2014 the revenue from the rolls stood at 5.489 million (+681 million euro, equal to 14.2%): 3,707,000 (€ +543 million euro, equal to 17.2%) have flowed from direct taxes and 1.782 million (€ +138 million euro, equal to 8.4%) from indirect taxes. TAX REVENUES OF LOCAL AND REGIONAL AUTHORITIES – Revenue by local authorities in the period January-August 2014, 34.055 million euro, in line with the revenue of the previous year (+17 million euro). Additional regional IRPEF: amounted to 7.092 billion euro (+233 million euro, equal to 3.4%) revenue for the period. By private individuals derive 4,139,000 (€ +129 million euro, equal to 3.2%) and public administrations € 2,953 million (+104 million euro, equal to 3.7%). Additional municipal tax: the revenue for the period was 2,630 million euro (+179 million euro, equal to 7.3%). By private individuals flock € 1,633 million (+84 million euro, equal to 5.4%), while the government € 997 million (+95 million euro, equal to 10.5%). IRAP: The revenue for the period amounted to EUR 14,936,000 (EUR -2.168 billion euro, equal to -12.7%). By private individuals flock of EUR 8.633 million (-1.931 billion euro, equal to -18.3%) and public administrations € 6,303 million (-237 million euro, equal to -3.6%). Their council tax (IMU) common: the revenue for the period amounted to 8.588 billion euro (+964 million euro, equal to 12.6%). TASI: the revenue for the period amounted to 809 million euro.
tax revenues (COLLECTIONS) – In the period from January to August 2014, the revenues of the State Budget have registered business for 256.518 million euro (-564 million euro, equal to 0.2%). The dynamics of the business reflects the negative trend of direct taxes (-3.3%) and positive indirect taxes (+ 3.7%). In the month of August 2014, the collections recorded amounted to 32.557 billion euro (+429 million euro, equal to 1.3%). DIRECT TAXES – Income taxes for the period January-August 2014, amounted to 139,246,000 euro, recorded a decrease of 4.728 billion euro. Among the main direct taxes, the personal income tax records business for 104,403,000 euro (-964 million euro, equal to -0.9%) resulting from withholding tax on the income of private sector employees to 43.186 million euro (-399 million euro, equal to 0.9%), from withholding tax on the incomes of public sector employees to 42.361 million euro (-556 million euro, equal to 1.3%), from withholding tax on the income of self-employed to 8.015 million euro (-223 million euro, equal to -2.7%). I payouts in self-liquidation amounted to 8.119 million euro (+59 million euro, equal to 0.7%). The IRES, amounting to 16.284 million euro, a decrease compared to the same period of 2013, to 2.924 million euro (-15.2%). This result is mainly determined dall’autoliquidazione which is reduced to 3.344 million euro (-18.5%) due to lower payments in the month of July. Negative also the substitute tax on income tax and withholding tax on interest and other investment income (-738 million euro, equal to -10.6%) and the tax on capital income and on capital gains (-385 million euro, equal to 25.6%). Among other direct taxes are particularly noteworthy proceeds from withholding tax on profits distributed by corporations, amounting to 867 million euro (+459 million euro, equal to + 112.5%), and Municpal resulting from properties to productive use classified in Group D register (IMU), totaling 1,961 million euro (+99 million euro, equal to +5.3%).
EXCISE – Indirect taxes in the period January-August 2014, amounted to 117,272,000 euro, increased by 3.7% compared to the same period of 2013 (+4,164 million euro). The result is mainly due to VAT which registered a growth of 3% (+2,004 million euro). The positive trend of VAT due, in particular the increase in the component on internal trade (+2,280 million euro, equal to 4.0%), while taxation on imports decreased by 398 million euro (-4.5 %). Also positive: the registration tax (+229 million euro, equal to 9.6%); the excise duty on energy products, their derivatives and similar products (mineral oils) (+1,805 million euro, equal to 12.4%), due to the abolition of the reserve to the ordinary statute regions both increases in tax rates introduced with effect from 1 March 2014, with the determination conductor n. RU 145733 of 23/12/2013, pursuant to art. 61, paragraph 1, letter e) of the D.L. n. 69/2013; excise duty on natural gas for combustion (methane) (+434 million euro, equal to 20.9%) for the largest payment to an adjustment made on March 31; the excise tax on electricity (+209 million euro, up 14.8%) and the tax on the consumption of manufactured tobacco (+51 million euro, equal to 0.8%). Negative stamp duty (-202 million euro, equal to -3.4%). In particular, the special stamp duty on financial assets shielded a decrease of 695 million euro for the reduction of 13.5 to 4 per thousand (art. Article 19, paragraph 6, of Decree Law no. 201/2011 ), while the stamp duty ordinary marks a total increase of 499 million euro (+9.9%) due to the changes introduced by art. 1, paragraphs 581, 606-607 Stability Law of 2014 (Law 27 December 2013, n. 147). Also decreased taxes and mortgage (-221 million euro, equal to -19.5%), rights to land and cast (-111 million euro, equal to -23.3%) and cash totals games (-537 million euro, equal to -11.2%).
ANALYSIS OF THE FLOW OF THE MONTH – The proceeds of the month of August 2014 relating to direct taxes amounted to 14.413 million euro (-144 million euro, equal to -1.0%). The personal income tax revenue totaled 11.592 million euro (-285 million euro, equal to 2.4%). The withholding tax on the income of private sector employees amounted to 3.622 billion euro (EUR -6 million, -0.2%), those on the incomes of public sector employees totaled 3,983 million euro (-258 million euro, -6.1%), those on the incomes of self-employed workers to 1,125 million euro (-13 million euro, equal to -1.1%), the self-liquidation payments amounted to € 2,506 million (-34 million euro, equal to -1.3%). The IRES amounted to € 1,771 million (+153 million euro, equal to 9.5%). The substitute tax on income tax and withholding tax on interest and other investment income amounted to 347 million euro (-225 million euro, equal to -39.3%). The indirect taxes amounted to 18.144 billion euro (+573 million euro, equal to 3.3%). VAT revenues amounted to 12.784 billion euro (+434 million euro, equal to 3.5%): 11.576 million (EUR +481 million euro, equal to 4.3%) are derived from the component on internal trade and 1,000 million euro (-57 million euro, equal to -5.4%) from the levy on imports. The registration fee amounts to 303 million euro (+32 million euro, equal to 11.8%). The excise duty on energy products, their derivatives and similar products (mineral oils) has generated business for 2,229 million euro (+80 million euro, equal to +3.7%).
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