The tax revenues relating to first quarter 2024 they register a increase Of 11.6 billion euros compared to the same period in 2023.
In the January-March period they entered the state coffers over 124.8 billion of Euro, 10.3 percent more compared to the previous year.
These are some of the data reported within the tax revenue slip published by the Ministry of Economy and Finance on 6 May 2024.
Contributing to growth above all are the direct taxes, which recorded an overall increase of 16.1 percent. Also increasing indirectwhich grow more modestly, equal to 3 percent.
Tax revenue 2024, 1st quarter: increase in direct taxes, from IRPEF to IRES
The bulletin relating to tax revenues for the January-March 2024 period it is available on the website of the Ministry of Economy and Finance.
- MEF – Tax revenue bulletin March 2024
- Tax revenue bulletin for the first quarter of 2024.
The first quarter of the year opens on a positive note, with a increase of 11.6 billion euros of the revenue, for a total of 124.8 billion euros in the coffers in the State.
There growth compared to the same period of 2023 it is equal to 10.3 percent.
What contributes most to the overall result are the direct taxeswhich stand at approximately 73 billion of euros, with an increase of 16.1 percent compared to last year.
This growth is mainly attributable to revenue IRPEFwhich stands at 62.7 billion of Euro.
Personal income tax revenues are primarily affected by income withholdings:
- 28.4 billion euros come from withholdings made on the income of employees of the private sector;
- 28.3 billion euros from those carried out on the income of public employees;
- 3.7 billion euros from those on workers autonomous.
The greatest increase is noted for i self-assessment paymentswhich grow from 64.6 percent compared to the same period in 2023.
In negativehowever, the revenue relating to withheld as an advance on transfers arranged to benefit from deductions and deductions, with a reduction of the 4.2 percent.
The overall budget of thesubstitute tax for income taxes and withholdings on interest and other income from which they have arisen 4.2 billion euros, with an increase of 187.7 percent.
L’IRES recorded a increase equal to 486 million euros of increased revenue into state coffers.
There summary of the data can be consulted within the technical notepublished as an attachment to the bulletin.
- MEF – Technical note to the March 2024 tax revenue bulletin
- Technical note containing summary data for the period January-March 2024.
Tax revenue 2024, first quarter: indirect taxes are also growing
In the first quarter of the year, the revenue relating to indirect taxesalbeit with one growth more contained.
Relative revenue records a increase of the 3 percent compared to the same period in 2023, for a total of 51.7 billion euros.
In particular, the revenue VAT amounts to approx 36 billion of Euro.
The overall increase of 4.7 percent is mainly attributable to internal exchanges. In fact, he records one decrease of the 10.9 percent the revenue relating to the levy on imports.
Positive sign also for the transaction taxes:
- L’registration taxwith an increase of 1.5 percent;
- L’stamp dutywith an increase of 4.8 percent;
- the mortgage taxes and feeswith growth of 3 percent;
- the cadastral and property rightsrose by 2.2 percent.
L’excise tax on energy productstheir derivatives and similar products recorded an increase equal to 6.9 percent. On the contrary, the revenue deriving from the excise tax on theelectricity and additional energy (of 19.4 percent) and from that on methane (by 28.6 percent).
Finally, it is worth mentioning thenegative trend:
- of taxes relating to activities from gamewith a decrease of 15.8 percent;
- of taxes relating to inheritances and donationswhich recorded a reduction of 17.5 percent.
Instead, it recorded a slight increase, equal to 3.8 percentthe revenue relating to the consumption tax of tobacco.
