Tax Pills

Italian real estate market, +1,6% in the first quarter of 2014
Italian real estate market comes back showing a positive sign. According to the quarterly note Omi (“Real Estate Market Observatory), in the first quarter of the 2014 real estate sales rose a total of 1,6%, with the best results achieved in the commercial (+4,7%) and the residential (+4,1%) sectors. The growth analysed by the Real Estate Market Observatory of the Italian Revenue Agency is however influenced by the postponement of some of the deeds to the new year to take advantage of the cheaper registration tax. The figure, moderately positive, is linked to the developments in the various sectors: a positive trend in the residential and commercial sectors, but still negative in other sectors.
The residential market
The recovery of the residential market is led by the major cities of Northern and Central Italy: Bologna (+29,2%), Genoa (+25,3%) Rome (+21,4%), Turin (+10,8%), Florence (+9,7%) and Milan (+3,4%).  Compared to the first quarter of 2013, in the first three months of 2014 the figures of the houses bought and sold are increased in all the municipalities of the major cities with an overall trend rate equal to 5,0%. With 98.403 sales, the real estate market of the houses marks an overall growth of 4,1%, more marked in the Centre (10,5%) and North Italy (+4,7%), while in the South of Italian state the market still shows a negative sign (-1.6%). As a matter of fact, some of the main cities of Southern Italy, such as Palermo (-1%) and Naples (-25,2%), still show a negative sign.
The other sectors
In the first quarter of 2014, the non-residential sectors have different trends. The commercial sector, compared to the same quarter of 2013, marks an increase of 4,7%, stopping the downward trend started in the fourth quarter of 2011. On the other hand, in the same quarter the manufacturing sector loses less than 1% and the tertiary sector (which includes offices and banks) is still in decline with a negative trend rate of around 10%.
The data relating to the volume of transactions are affecting the entire country with the exception of the provinces of Bolzano, Trento, Gorizia and Trieste, as the cadastre is managed locally. More information and further details are available on the quarterly Omi Note, published on the website of the Italian Revenue Agency.
The Italian Revenue Agency on Twitter
Since the end of January 2014, the Italian Tax administration has landed on Twitter. The launch of the official account @Agenzia_Entrate has built the Agency’s online presence beyond its public website and official YouTube account.
The Twitter tax agency account delivered 234 tweets to 7861 followers since its beginning, six months ago.
Italy’s Revenue Agency through Twitter is now able to more directly engage with the public by providing and delivering  a lot of information ranging from tax news to ad hoc services. In fact, with a user-friendly language, the Agency can now use a different approach to reach instantly thousands of taxpayers and remind them a variety of fiscal deadlines. So, taxpayers can be updated on tax matters in real time. With this new communication channel, the Tax administration wants to makes more direct and transparent its relationship with taxpayers, trying to respond on time to taxpayers’ needs that usually use the web to be updated.
The Italian Tax administration with this recent initiative on Twitter has taken another step in developing newly-established social networking strategy. In fact, it already has Youtube channel “Entrate in video”, that was opened in October 2012 with over 3.600 registered users and almost 500.000 million of views, where are published several videos explaining brand new fiscal issues such as tax breaks or tax services or how to fill tax returns  and so on.
Twitter account as well as Youtube channel have both been realised with internal resources and for free.
FiscoOggi è una pubblicazione dell'Agenzia delle Entrate - Ufficio Comunicazione
Testata registrata al Tribunale di Roma il 19.9.2001 con n. 405/2001
Direttore responsabile Claudio Borgnino