Income of immigrants on the rise after Covid

According to researchers from the Leone Moressa Foundation, “In 2022, the number of immigrant taxpayers reached an all-time high, surpassing even pre-Covid levels. This recovery, in addition to the labour market, translates into nearly 10 billion euros in personal income tax (Irpef) paid into the state coffers. The current economic landscape has also highlighted a labour shortage linked to demographic trends and labour market restructuring, necessitating new entries of immigrant workers. These entries, as highlighted in the 2023 DEF (Economic and Financial Document), will bring economic and fiscal benefits in the medium and long term.”

In 2022, there were 4.3 million taxpayers born abroad, accounting for 10.4% of the total, with a declared income volume of 64 billion euros, a per capita income of 15,410 euros, and an Irpef (personal income tax) revenue of 9.6 billion euros. Among the foreign-born taxpayers, 15.3% were born in Romania (658,000), followed by Albania (350,000), Morocco (267,000), and China (189,000). On average, the female component stands at 44.5%, with much higher percentages among Eastern European countries (Ukraine, Moldova, Poland) and Latin American countries (Peru, Brazil). More than half of the foreign-born taxpayers are concentrated in four regions: Lombardy, Emilia-Romagna, Veneto, and Lazio. On average, foreign taxpayers represent 10.4% of the total, but in the Central-Northern regions, the figures rise, exceeding 14% in Emilia-Romagna, Friuli Venezia Giulia, and Trentino-Alto Adige.

More information: https://www.ilsole24ore.com/art/redditi-immigrati-ripresa-il-covid-dichiarati-64-miliardi-93percento-un-anno-AE5VtwWD