Rome

Tax revenues rise by 533 million euros in first four months

Despite recession, government says revenues in line with 2012

Tax revenues rise by 533 million euros in first four months

Rome, June 5 - Despite a serious and lingering recession, Italian tax revenues rose by 0.5%, or about 533 million euros, in the first four months of 2013, the department of finance reported Wednesday. Revenues between January and April totaled 117.56 billion euros, the department noted. Direct taxes rose by 4.5%, or about 2.7 billion euros more than the total reported during the same period in 2012. "Revenue from the first (four months) of 2013, in spite of a negative economic situation, remains broadly in line with the corresponding period of the previous year," the finance department said. Tax revenues collected as part of the government's fight against tax evasion totaled 2.1 billion euros, a roughly 5% increase compared with the same period last year. Despite the economic downturn, value-added tax revenues rose by 2% in the retail sales sector. Revenues from gaming were more stable, slipping by just 0.6%, representing about 28 million euros.

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