MEF – Ministry of Economy and Finance – announced the tax and social security contributions for the first half of this year. There are many voices on the decline, but not from the gaming industry, up 8.7%.
MEF: game revenues increased by 8.7%.
Giancarlo Giorgetti, Head of the Ministry of Economy and Finance (MEF), presented the report on tax and social security contributions for the first half of 2023. total income, 13.48 billion euro growthincreased by +3.6% in total compared to the same period of the previous year. Tax revenues grew by 3.2%, while contributions grew even better at +4.5%.
Despite a significant decrease in import tax (-11%), VAT revenues also increased (+3%). Revenues from stamp tax are also decreasing, but there is an item that is constantly growing, and that is exactly the game industry. Total revenue from lotteries and other gaming activities in the January-June 2023 period 3,57 billion euros.
An important and important figure that earns points. 8.7% increase compared to the same period of the previous year. In figures, the increase in revenues from the gaming industry (including taxes and contributions) amounts to 286 million euros. In the first quarter of the year, the revenue calculated over the gaming industry was around 2.74 billion euros.
Reorganization of the gaming industry is a priority
The intent had been announced since the election campaign, and it began to materialize last July. It was known that the Meloni government intended to seize the expected result reorganization of the gaming industryand the first step in that direction, Transferred Law on Tax ReformIt took place at the beginning of August and was published in the Official Gazette in the middle of the month.
The Meloni Government now has 24 months to translate the guiding principles of Tax Reform into implementing decrees. Among them, there will be important measures expected from the gaming industry. Tax compliance with more protection but always the same income. This is a condition that is considered non-negotiable, since it is clear that income from the gaming industry is very important, especially at this time.
THE 7-8 billion annually guaranteed by the game These are a heavy burden for a manager who is putting ambitious reforms on the table at a time when it is impossible to get the money for reforms without putting his hands in the pockets of the Italians. Therefore, greater protection and containment of the threat of infiltration are welcome. But today the game is a cornerstone for the country.