Giovedì, 18 Ottobre 2018

Business tax-filing costs '50% more than EU average'


Rome, June 12 - An Italian company has to work
approximately 296 hours a year to complete all the procedures
needed to file its tax reports, almost 50% more than the
European Union average, according to a survey by retailers'
association Confcommercio and the Centre for European Reform
think-tank released on Wednesday.
Overall, Italian firms' tax-filing costs are twice as much
as in France, 60% higher than in Spain and 30% higher than in
Germany, according to the study. Italian small and medium-sized
companies spend 10 billion euros a year in processing their
The research found that Italian businesses will have to
work this year a record 162 days to file tax reports, up from
139 required in 1990 and 150 in 2000. The European average is
130 days, 24% less than Italy.
According to Eurostat data released in April, Italy's tax
burden in 2011 was the second-heaviest among the 27 EU members.
The European statistics agency found Italians had to pay
42.3% of their earnings to the State, only slightly lower than
Belgium at 42.8%.
On Tuesday, the head of small-business federation Giorgio
Merletti warned that businesses could no longer take the fiscal
pressure which in 2013 is expected to reach 44.6% of GDP, or
2.4% more than the EU average.

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