new record To collect From the Tax Office in Alicante. improving work And pensionsincreasing personal income tax withholding, and consumption And inflationdirectly affecting VAT income, they filled the coffers of the administrations like they’ve never done before. Even to a greater extent than at the national level.
According to the latest update by the public agency, Alicante taxpayers have paid the treasury over the past year as follows: 4,483.8 million euros for major state taxes. about a figure never seen before So far, it’s 19% higher than the figures recorded in 2021, which has already set an all-time high, above pre-pandemic figures, as well as those recorded before the bubble, amid the economic boom. The real estate boom in 2008.
The increase in collection almost more than five points recorded. National, According to the same sources, it broke a new record by reaching 255,463 million, an increase of 14.4%.
The state’s better financial behavior, in large part, personal income tax (IRPF) increased by 25.5% compared to the national average of 15.8%. The people of Alicante paid as much as: 1,777.6 million For this tax, which eliminates VAT, which is the main source of income for the state in the region.
Even though it hurts when you pay for it, the truth is that these numbers are just indicators. good performance of the economy The main source of the Alicante collection, last year withholding tax on payroll and pensions. In this way, the increase in personal income tax payments was due, on the one hand, to the increase in the volume of people employed in Alicante – Social Security membership hit several records in a row – and on the other hand, the increase in wages and pensions.
At the same time, some of these increases are expected to move up the scale, i.e. pay a higher rate also contributed to the administration’s pockets in personal income tax.
On the other hand, the income generated VAT amount of 1.716 million The euro is 11% more. In this case, the increase is below the average of 13.9%, but it should be noted that this figure reflects the VAT declared by companies residing in the province, excluding those paid in large chains. It was taxed in Madrid. The data are important because the provincial figure, for example, does not reflect the significant increase in the collection of this tax with the rise in electricity price in the first months of last year until the Government agreed to reduce the rate. applies to this service.
In any case, it’s more than a substantial increase, and it’s increased spending occurring with the definitive exit from the pandemic and at the same time inflation this made most products more expensive and therefore VAT was also applied to them.
The third important pillar of this improvement in public revenues is the Corporate Tax, which is levied on business earnings that have grown significantly. So Alicante companies paid last year 663 million 24.2% more euros for profits from their operations compared to the previous year. In this case, it is noteworthy that the figure is still below the figure before the real estate bubble burst – as opposed to the national level. These tribute figures in the province.
continuity
Tax Office, together with last year’s balance sheet, first two months Although 2023 was somewhat more moderate compared to the previous year in line with the slowdown in general economic growth, it was a year in which significant growth continued in collections. Thus, between January and February, the Treasury entered. 950.2 million in the province, 12.6% more compared to the same period last year.
Source: Informacion
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