Tax: the revenue increased by 4,1% compared to the first eight months of 2011

According to a note from the Treasury, tax revenues from the Treasury in the first eight months of 2012 amounted to to 268,736 billion euros, marking a growth of 4,1%, equal to 10,462 billion, compared to the same period in 2011. 
Direct taxes increased by 4,4% (+6,074 billion). while there was a slight decrease, of 0,6% (-641 million euros), in the Ire revenue due to the decrease in self-tax payments (-3,5%) and withholdings of self-employed workers (-4,2%) , and the reduction from 10% to 4% of the withholding tax applied to payments relating to wire transfers ordered by taxpayers to benefit from deductible charges or expenses for which the tax deduction is due. On the other hand, the withholding taxes of public employees (+0,6%) and private employees (+0,7) rose.
Another contraction, of 0,3%, in the Ires revenue which stands at 17,525 billion, while the reform of the tax regime of financial income has led to a sharp increase, of 48% (equal to 1,995 billion euros), of the substitute tax on withholdings, interest and other capital gains. On the other hand, there was an overall increase of 3,7% in indirect taxes.
VAT revenue fell by 1,3%, equal to 913 million euros less. According to the note from the Treasury, this drop was caused by “the drop in the component relating to domestic trade (-1,6%) which was affected by the stagnation of domestic demand, particularly in the sector of durable consumer goods, only partially offset by the effects linked to the increase of one percentage point in the VAT rate introduced by Legislative Decree 138/2011".
The press release released by the Ministry of the Economy reads how, thanks to the recently introduced corrective measures, "despite the presence of a highly negative economic situation, the dynamics of tax revenues shows a tendency to grow at a higher rate than in the same period last year ”, gthanks above all to the proceeds of the first installment of the Imu and the stamp duty.