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Italy Puts Tax Gap At 34.2 Percent

by Ulrika Lomas, Tax-News.com, Brussels

18 October 2016


A study commissioned by the Italian Government has estimated that the loss to the country from unpaid tax revenue averaged EUR108.7bn annually, or 34.2 percent of due amounts, in the period between 2010-2014.

EUR88.1bn of the gap was put down to deliberate non-payment (or tax evasion), while the remainder was put down to errors or overdue tax debts.

Non-payment of value-added tax again made up the largest portion of uncollected taxes – EUR40.2bn in 2014, or more than one-third of the taxes that escaped the clutches of the Italian tax authorities. This was worth more than two percent of the country's gross domestic product.

The amount of individual income tax evaded reached EUR31bn, of which more than EUR27bn was related to tax due from individuals in business, such as sole traders. Non-payments of corporation tax, the local tax on production, and local property tax were worth some EUR14bn, EUR8.5bn, and EUR4.6bn, respectively.

TAGS: individuals | compliance | tax | business | tax compliance | property tax | individuals in business | corporation tax | social security | Italy | individual income tax | Tax | Tax Evasion

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