In the year of the beginning of the pandemic, the declared income and the turnover that feeds the VAT fall. The country is divided between north and south and are still very few who declare high yields. The independent report more than double the number of employees and retirees reported very little. The framework is provided by the usual survey of the Ministry of Economy which traces the ‘hard’ part of 2020. Table intended, also in front of the statements, to worsen in the coming years when adding the effects of the Italian economy Covid those war in Ukraine.
However, the Mef photographs the usual ‘divide’ between the North and the South “total declared total revenues in 2020 amounted to more than 865.1 billion euros (-19.4 billion compared to the previous year) to an average income value. of 21,570 euros, a decrease of 1.1% in relation to the average income indicated in the previous year in the tax returns. The territorial analysis confirms that the region with the highest average global income is Lombardy (25,330 euros), followed by the Autonomous Province of Bolzano (24,770), while the Calabria has the lowest average income (15,630 euros), so also in 2020, the distance between the center-north and south remains considerable.
Fracture that also relates to the ‘historical’ difference between self-employed, salaried but especially pensioners: the average high more revenue from 2020 is the work on their own, equal to 52,980 euros, while the average income declared by entrepreneurs (owners individual companies) is equal to 19,900 euros. The average income declared by the workers is, however, equal to 20,720 euros, the pensioners to 18,650 euros. Finally, the average income of participating in partnerships and similar is € 16,450. “It is worth reiterating – highlights the Mef – which in ‘business’ in the statements of IRPEF understand the individual business owners, excluding therefore those who exercise economic activities of corporate form.”
But the most striking differences are also seen in the ‘income classes’ in a country that has an unenviable history of tax evasion (more than 110 billion a year): “Analyzing taxpayers by total income brackets in 2020, the Mef notes that around 27% of taxpayers, who declare around 4% of the total income tax, are in the class up to 15,000 euros; in which between 15,000 and 70,000 euros, around 70% of taxpayers, who declare 67% of the total income tax, while only around 4% of taxpayers declare more than 70,000 euros, paying 29% of the total income tax”.
The contraction in income is, however, clear to everyone and VAT, the litmus test of the economy, is showing signs of retreat: around 4.2 million taxpayers have submitted their VAT return for 2020, an increase of 0.3%. This is a very particular year, in which there is a sharp contraction of key VAT figures, such as turnover, total purchases, tax base and relevant VAT, due to the impact of Covid on the Italian economy. declared in the 2020 fiscal year was 3,195 billion euros, a decrease of 10.2%, about 60% of turnover is made up of taxable transactions, equivalent to 1,896 billion euros (-10.2% compared to 2019).