In the period January-November 2020, the tax revenues ascertained on the basis of the criterion of legal competence amounted to 393.646 million euros, marking a reduction of 11.266 million euros compared to the same period of 2019 (-2,8%).
The negative variation reflects both the economic worsening due to the second wave of the epidemiological emergency, and the measures adopted by the Government to deal with the health emergency and, in particular, those that suspended or reduced the payments of certain taxes for specific categories of taxpayers. In fact, the Prime Ministerial Decree of 3 November 2020 and art. 7 of Legislative Decree 149/2020 (Refreshments bis) have suspended, for some economic activities throughout the national territory and for others on the basis of their location in areas classified as medium-high epidemiological risk, the payment terms, expiring in the month of November 2020, relating to withholdings for income from employment and similar, to regional and municipal surcharges and VAT.
In November, tax revenues recorded a positive change of 11.196 million euros (+ 24,8%) determined by direct taxes which showed a positive trend of 11.170 million euros (+ 55,7%), considering that in the 2019 the payments of self-liquidated taxes have been postponed, for calendar reasons, to December, while indirect taxes show a more contained increase of 26 million euros (+ 0,1%), determined by the payment of the tax balance of manufacturing on mineral oils (+ 45,9%) for the period April-August 2020.
DIRECT TAXES
In the period January-November 2020, direct taxes amounted to 225.568 million euros, an increase of 12.514 million euros (+ 5,9%) compared to the same period of 2019.
IRPEF income amounted to 170.606 million euros with an increase of 502 million euros (+ 0,3%). The trend in withholding taxes on private sector employees 'incomes and on self-employment income shows a drop of 5,8% and 6,3% respectively, while withholding taxes on public sector employees' incomes recorded an increase of 4,2 ,19,6%. Irpef payments from self-liquidation mark an increase of XNUMX%.
IRES recorded an increase of 8.394 million euros (+ 39,6%).
Other direct taxes include the increases in the substitute tax on income from capital and capital gains (+1.133 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 168.078 million euros with a decrease of 23.780 million euros (-12,4%). The significant decrease is mainly attributable to the reduction in VAT (-12.948 million euros, equal to -11%) and, in particular, to the levy component on internal trade (-9.370 million euros equal to -8,9%) , due to the postponement of VAT payments. The revenue from VAT on imports recorded a drop of -3.578 million euros (-28%) in the period.
Among the other indirect taxes, the insurance tax -4,5% and the registration tax -18,9% recorded a decrease, while the stamp duty marks an increase of 2,1%.
Revenues from excise duties on energy products, their derivatives and similar products recorded a reduction of 3.613 million euros (-16,1%). Similarly, the excise duty on natural gas for combustion (-503 million euros, -15,3%), the excise duty and tax on non-condensable gases (-102 million euros, -18,3%) showed a decrease in revenue. ) and the excise duty on electricity and additional energy (-46 million euros, -1,8%) due, in particular, to the application of the relaunch decree with which the installments of natural gas advances were reduced and electricity.
ENTER FROM GAMES
Revenue relating to "games" amounted, in the first 11 months of 2020, to 9.151 million euros (-4.917 million euros, -35%).
REVENUE FROM ASSESSMENT AND CONTROL
Revenue from tax revenues deriving from verification and control activities amounted to 7.446 million euros (-3.435 million euros, equal to -31,6%) of which: 3.354 million euros (-2.415 million euros, -41,9%) came from direct taxes and 4.092 million euros (-1.020 million euros, -20%) 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 collection agents in the period from 8 March to 31 May 2020, further extended by the Relaunch Decree until to 31 August. The recent DL n.104 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. Lastly, the recent decree law n.129 of last October 20 postponed the deadline for suspending the payment of all receipts from payment notices, debit notices and notices of assessment entrusted to the collection agent to 31 December 2020.
The Tax Revenue Bulletin for the period January-November 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.