In the period January-October 2020, tax revenues ascertained on the basis of the criterion of legal competence amounted to 337.368 million euros, marking a reduction of 22.462 million euros compared to the same period of the previous year (-6,2%).
The negative change reflects both the worsening of the economic situation and the measures adopted by the government to deal with the health emergency and, in particular, those which suspended or reduced the payments of certain taxes for specific categories of taxpayers.
The result for the first ten months of 2020 compared to the same period of the previous year, moreover, presents elements of unevenness due to the inclusion in this year's payments of those of ISA and "minimum or lump-sum" taxpayers who, in the year 2019, had paid on deferred due dates due to the extension of payments.
For this reason, the comparison between the two periods, in particular for self-liquidated IRPEF, IRES and substitute taxes linked to self-settlement, is of little significance.
In October, tax revenues recorded a negative change of 1.135 million euros (-3,2%) due to direct taxes which showed a negative trend of 779 million euros (-4,2%) due to payments of Irpef and Ires deriving from self-taxation, while indirect taxes show a decrease of 356 million euros (-2,2%).
DIRECT TAXES
In the period January-October 2020, direct taxes amounted to 194.355 million euros, an increase of 1.344 million euros (+ 0,7%) compared to the same period of 2019.
IRPEF income amounted to 151.498 million euros with a decrease of 2.982 million euros (-1,9%). The trend in withholding taxes on private sector employees 'incomes and on antonomo labor incomes shows a decrease of 6,3% and 6,7% respectively, while withholding taxes on public sector employees' incomes recorded an increase of 4,5 , 5,8%. Payments from self-settlement mark a decrease of XNUMX% determined by the temporal unevenness of the payment terms.
IRES recorded an increase of 1.507 million euros (+ 8,4%).
Other direct taxes include the increases in the substitute tax on income from capital and capital gains (+1.093 million euros) which reflect the positive performance of the financial markets in 2019 and the substitute tax on the value of the assets of pension funds (+1.129 million euros), the increase of which is determined by the positive results of the average returns obtained in 2019 from the various types of supplementary pension schemes. The substitute tax on income as well as withholding taxes on interest and other capital income, on the other hand, shows a drop of 1,8%.
INDIRECT TAXES
Indirect taxes amounted to 143.013 million euros with a decrease of 23.806 million euros (-14,3%). The significant decrease is mainly attributable to the reduction in VAT (-12.333 million euros equal to -12,0%) and in particular to the internal trade component (-9.020 million euros equal to -9,9%), due to the postponement of VAT payments. The revenue from VAT on imports recorded a decrease of -3.313 million euros in the period (-28,3%).
Among other indirect taxes, there was a decrease in the tax on insurance -22,7% and the registration tax -20,2%, while the stamp duty marks an increase of 1,8%.
The excise tax on energy products, their derivatives and similar products recorded a reduction of 4.665 million euros (-23,2%) due to the application of the relaunch decree (Articles 130-131-132), with which they are the percentages of monthly payments have been reduced to 80%. Similarly, the excise tax on natural gas for combustion (-491 million euros, -16,4%), the excise duty and tax on non-condensable gases (-123 million euros, -24,4%) showed a decrease in revenue. ) and excise duty on electricity and additional energy (-51 million euros, -2,2%).
ENTER FROM GAMES
Revenue relating to "games" amounted, in the first 10 months of 2020, to 8.361 million euros (-4.502 million euros, -35,0%).
REVENUE FROM ASSESSMENT AND CONTROL
Revenue from tax revenues deriving from verification and control activities amounted to 6.816 million euros (-3.029 million euros, equal to -30,8%) of which: 3.097 million euros (-2.186 million euros, -41,4 , 3.719%) came from direct taxes and 843 million euros (-18,5 million euros, -XNUMX%) from indirect taxes.
The data are influenced by the "Cura Italia" decree which had already suspended the terms of payment of tax and non-tax revenues deriving from payment notices issued by the collection agents in the period from 8 March to 31 May 2020, further extended by the Relaunch Decree until to August 31st. The recent DL n.104 has extended, from 31 August to 15 October, the deadline for the suspension of the notification of new bills and the sending of the collection documents, also arranging for the suspension of payments relating to bills, debit notices and notices of executive assessment expiring from 8 March: the payment must be made by 30 November 2020. Lastly, the recent decree law n.129 of last October 20 has deferred the deadline for suspending the payment of all revenue from payment notices, debit notices and notices of assessment entrusted to the collection agent.
The Tax Revenue Bulletin for the period January-October 2020 is available on the website of the Department of Finance, accompanied by the statistical appendices and the related Technical Note which summarizes the main contents of the document.