Giovedì, 18 Ottobre 2018

Audit Court says 46 billion lost in VAT evasion


Rome, August 7 - Italy's Audit Court on Wednesday
estimated undeclared revenues in 2011 on which the value added
tax could be imposed at around 250 billion euros, with an annual
loss of VAT tax returns worth 46 billion euros - about 28% of
potential tax revenues.
The Audit Court also estimated evasion from regional tax
Irap in the 2008-2010 period to be worth 9 billion euros - 20%
of potential tax revenues.
Undeclared revenues on which the regional tax on companies
could be imposed were 227 billion a year, the court said.

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