And even this year, as always, November is the most challenging month for those who must honor their taxes. Paolo Zabeo, coordinator of the CGIA Research Department, says: “An important part of the taxes to be paid by companies this month is actually a round trip, like VAT or the deductions of their employees.
However, few entrepreneurs, especially those of small size, will find themselves in difficulty in order to honor these deadlines.
The slowdown in the economy that has emerged in recent months has lengthened payment times even in commercial relationships between private companies, causing not a few financial imbalances to many small companies that have always been short of liquidity and undercapitalised ".
The total amount of revenue for businesses is now felt by everyone as a problem that must be addressed very quickly. However, the need to simplify the regulatory framework of our tax system should not be forgotten either.
"With a simpler and more transparent tax system – declares the secretary Renato Mason – even the financial administration could work better and be more efficient to counter tax evasion / avoidance.
The multitude of laws, decrees, regulations and explanatory circulars present in our tax system, on the other hand, complicate life not only to the experts, but also to the tax operators who, however, continue to be one of the most virtuous sectors of the whole our public administration ".
Returning to the numbers of the research, it is estimated that the most burdensome tax that companies and self-employed workers of Friuli Venezia Giulia will pay this month will be VAT, which will involve a collection of € 330 million for the treasury.
The Ires advance follows in the hands of the joint-stock companies (spa, srl, cooperative societies): the latter will anticipate a tax of 293 million euros.
Employees and employees, through their respective employers, will "give" tax to the tax authorities for an amount of 262 million euros. The IRPEF advance, on the other hand, will cost companies and the recipients of different incomes (rent, capital gains, occasional work) 136 million euros, while the Irap will involve a withdrawal of 134 million.
The regional tax surcharge will guarantee 23 million euros, while the self-employed withholding tax will weigh on the latter's pockets for 21 million euros. Finally, the additional municipal income tax, will allow the Mayors to collect 9 million euros and from the deductions of the transfers of the income tax deductions, the Treasury will forfeit 4 million euros.
It is useful to point out that the revenue from each tax defined in this elaboration was estimated on the basis of the trend recorded in recent years. In addition, the main legislative changes that have occurred in the meantime have been taken into account.
The researcher of the Andrea Vavolo Studies Office states: “In this estimate, in fact, account was taken of the different articulation of the advances which, starting from November 2019, will interest the tax payers subject to the Synthetic Indicators of fiscal reliability (Isa).
In particular, the advances will consist of two installments each equal to 50 percent of the total to be paid, instead of the current distribution which sees the first installment equal to 40 percent of the tax due for the previous year and the second of the 60 percent ”.
In fact, starting from November this year, the application of this provision amounts to a 90% reduction in the advance (only for taxpayers subject to ISAs) (as confirmed by the explanatory report to the aforementioned provision ).
Finally, the Studies Office would like to point out that the social security contributions that will have to be paid by November 16th have not been counted in this analysis. Being Saturday, this payment is postponed to Monday 18th November.
In Italy the tax burden on businesses is 59.1 percent. In Europe only the French are more harassed than we are
Although it is a comparison that must be analyzed with great caution, according to the latest data presented in recent weeks by the World Bank (Doing business), only France (60.7) has a tax burden on companies (as a percentage of commercial profits) greater than the given Italy (59.1).
If the euro area average is 42.8 percent (16.3 points less than in Italy), Germany records 48.8 percent and Spain 47 percent.
For each country examined, this processing refers to a medium-sized company (limited liability company) with about 60 employees and the taxes paid in the year 2018, the second year of the company (ie born in 2017).
The incidence of total taxes on commercial profits recorded by Italy in 2018 (59.1 percent) is quite in line with the 2015 figure (62 percent).
In the two intermediate years (2016 and 2017) there was a significantly lower incidence (of 48 and 53.1 respectively), due to the effect of the introduction of some temporary measures that lightened labor costs, in particular way of new recruits with a permanent employment contract.
The few remaining holdings pay taxes elsewhere: the corporate tax effort is entirely up to the SMEs
If up to 35 years ago even large companies made an important contribution in terms of revenue, for some decades this contribution has practically run out.
For example, until the first half of the 1980s, Italy was among the world leaders in chemistry, plastics, rubber, iron and steel, aluminum, information technology and pharmaceuticals.
Thanks to the role and weight of many large public and private companies (Montedison, Eni, Montefibre, Pirelli, Italsider, Alumix, Olivetti, Angelini), economic and employment development revolved around these sectors and the tax authorities benefited greatly.
After almost 40 years, however, many of these realities have become extinct and a part of the few remaining big players has also decided to move where they pay less taxes. Although we cannot speak of evasion, there are not few Italian holding companies (FCA, ENI, ENEL, Ferrero, Telecom, Saipem, Luxottica Group, Illy) that for some years have transferred the main registered office, or of a subsidiary, to the countries Netherlands to also benefit from the tax advantages offered by this country.
If to these specificities we add the unacceptable behavior of some large multinationals of the web, which make important profits in our country but the taxes pay them elsewhere, we can affirm without the risk of being denied that the fiscal effort of Italian companies is at the top almost exclusively at pmi.
Penult me in Europe for foreign direct investment (Ide)
Will it be a coincidence that our country is at the bottom of the European ranking as regards the investments made by large foreign companies? Obviously not.
But it is equally true that due to the bureaucratic oppression that weighs on companies, the slowness that characterizes civil justice, the general inefficiency of the public administration and the chronic lack of social and economic infrastructure, the great international investors look good to " commit "in our country.
Italy, with a FDI stock of 20.5 percent of GDP (equal to 361.1 billion euros) is in the penultimate place in Europe.
In the EU only Greece has a stock of investments lower than ours (16 per cent of GDP) and this trend has unfortunately been confirmed also in the four-year period 2014-2017. The distances with our main European competitors are significant: if in 2018 Germany recorded a total FDI amount of 23.5 per cent of GDP, France marked 29.7 and Spain even 48.3.
So many taxes and 30 days to pay them
In addition to having the tax burden on companies among the highest in Europe, we are the country, along with Portugal, where paying taxes is more difficult.
Always from the data recently presented by the World Bank, in Italy it takes 30 days a year (equal to 238 hours) to gather all the information needed to calculate the taxes due; to complete all tax returns and to present them to the tax authorities; to make the payment online or at the appropriate authorities.
In France, the only EU country with a tax burden on companies greater than ours, to carry out the bureaucratic duties deriving from the payment of taxes, it takes only 17 days, while the average of the euro area is 18 days.
Also in this comparison, the data are from the World Bank, which for each country examines a medium-sized company (limited liability company), in the second year of life and with about 60 employees. The reference year is 2018.