Overview
- Official MEF data show January–October 2025 central government tax revenues at €471.63 billion, up €9.34 billion year on year (+2.0%).
- October alone delivered €44.6 billion in receipts, a 2.2% increase, with indirect taxes driving the monthly advance.
- Recoveries from assessment and control reached €12.824 billion for the period (+9.6%), split between €6.561 billion from direct taxes and €6.263 billion from indirect taxes.
- Indirect taxes, notably VAT, rose strongly (+€8.4 billion to €205.4 billion, +4.3%), while direct-tax growth was modest (+0.4%) as IRPEF and IRES were weighed by policy changes including the structural cut to the labor tax wedge.
- The tax agency credits e-invoicing, split payment, AI-driven screening, compliance letters and expanding audits for higher compliance, as the government readies Senate amendments to the budget with revenue options under review such as limits on banks’ and insurers’ loss deductibility, a gradual Tobin tax increase and a parcel levy.