Tax revenues: Mef, up by 507 million in January 2023

The Ministry of Economy and Finance announces that in January 2023, tax revenues ascertained on the basis of the juridical competence criterion amounted to 41.768 million euros, with an increase of 507 million euros compared to the same month of 2022 (+1,2%). Direct taxes show an increase of 3,3% while indirect taxes show a decrease of 3,2%. It should be noted that from 2023 some changes have been introduced to the criteria for recording budget items between tax revenue and non-tax revenue. These reclassifications imply an element of non-homogeneity in the comparisons between the months/periods of the two-year period 2022/2023: by making the comparison homogeneous, by separating the reclassified chapters, tax revenues would have shown a growth of 2,7%.

DIRECT TAXES

Direct taxes recorded an increase in revenue of 935 million euros (+3,3% compared to January 2022). The trend recorded is mainly attributable to IRPEF which showed an increase of 668 million euros (+2,6%).

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INDIRECT TAXES

Indirect taxes recorded a decrease of 428 million euro (-3,2%); in particular, the VAT revenue showed a decrease of 3 million euro. On the contrary, the stamp duty recorded an increase in revenue of 201 million euros (+42,4%) determined by the accounting processes of the collections.

REVENUE FROM ASSESSMENT AND CONTROL

Tax revenues deriving from assessment and control activities showed an increase of 43 million euro (+5,7%).

The Tax Revenue Bulletin for January 2023 is available on the Department of Finance website, accompanied by the statistical appendices and the related Technical Note which briefly illustrates the main contents of the document.

Tax revenues: Mef, up by 507 million in January 2023