{"id":51131,"date":"2024-07-15T17:00:00","date_gmt":"2024-07-15T15:00:00","guid":{"rendered":"https:\/\/www.11onze.cat\/?p=51131"},"modified":"2024-07-15T17:10:37","modified_gmt":"2024-07-15T15:10:37","slug":"income-tax-collection-falls","status":"publish","type":"post","link":"https:\/\/www.11onze.cat\/en\/magazine\/income-tax-collection-falls\/","title":{"rendered":"Income tax collection falls by 34%"},"content":{"rendered":"
\n
\n\n\n
\n
\n

Despite the increase in the tax burden, the Tax Agency has collected 55% less than it had planned to collect and 34% less than in the previous year. What explains the final result and the discrepancy between forecasts?<\/b><\/h3>\n

 <\/p>\n

Although <\/span>24,013,000 million tax returns have been completed, 4.9% more than last year<\/b>, the Tax Agency has collected less than half of what it had planned at the start of the 2023 Income Tax Campaign.<\/span><\/p>\n

According to <\/span>elEconomista<\/span><\/a>‘s analysis of the official <\/span>data<\/span><\/a>, a total of 16.2 million returns have resulted in a refund of 13,576 million euros, compared to the 11,650 million that had been expected. Therefore, taking into account the lower collection and the increase in the amount to be returned, the net collection will be <\/span>3,216 million euros, 55% less than the 7,258 million euros expected <\/b>to be paid this year and 34% less than the 4,900 million euros collected in 2022.<\/span><\/p>\n

These figures may seem <\/span>contradictory when taking into account the increase in the tax burden and the fact that the Spanish economy grew by 2.5% in 2023<\/b>, five times higher than the eurozone average. Specifically, domestic demand accounted for 1.7 points of growth in 2023, while external demand accounted for the remaining 0.8%. So how can this drop in revenue be explained in the face of GDP growth and tax rises?<\/span><\/p>\n

 <\/p>\n