Local Council Revenues Jump in Italy

August 3, 2015 Taxation in Italy

ROME – Local councils are seeing an increase in revenues in Italy, especially in larger cities.

According to new information released by the Court of Audit of Italy recently, the tax revenues collected by local councils over the three years between 2011 and 2014 grew by approximately 22 percent.

In 2011 the average taxpayer in Australia paid approximately EUR 505.50in local taxes, however, by 2014 this annual amount had risen to EUR 618.40.

The increases in taxes collected resulted in a boost to tax revenues of approximately EUR 8 billion compared to 2011.

Taxpayers in larger towns and cities paid a higher amount of taxes each, especially individuals from towns exceeding populations of 249,000, while taxpayers in smaller towns paid a lower level of tax.

The increase in tax collections was matched by a decrease in spending by local councils of approximately EUR 5 billion over the three years between 2011 and 2014.

The local council taxes being collected are typically used by the councils to pay for garbage collection, transport, and other city-based services.

Photo By: Images Money