If taxes are good thermometer to measure activity economy, then it can be concluded that although the province of Alicante has always progressed, it continues to progress. at a slower pace. Like this good progress in employment Increases in wages and pensions continue to attract collections strongly. personal income taxHowever VAT and above all, regional taxes such as Property Transfer Tax, which is paid on the purchase and sale of existing homes. much more modest increasesas a result of the slowdown in economic growth.
In total, in the first quarter of the year The people of Alicante have paid up to 1,316 million to the central government and the Generalitat. The euro for the different taxes that each of these administrations is responsible for administering. 12% more than the same period in 2022, undoubtedly a significant growth, but far from what was recorded last year.
The change is especially important when it comes to regional taxes. If last year Valencia Tax Office The increase in the first three months of 2023, which saw its income in the province increase by at least 30.9% thanks to the pull of the real estate sector or the increase in inheritance transactions, but 5.4%, for a total of 224 million euros.
In case of breakdown of data, Income Tax Patrimonial TransmissionsTaxing the purchase and sale of real estate remains Consell’s main source of income in Alicante. 156 million, 8.9% more, Compared to the 40% increase over the whole of 2022, it seems tasteless.
Taxes are also less Documented Legal Actions -7%- compared to 11% last year 28.3 million quarter, the worst part – or the best, depending on how you look at it – is Inheritance Tax. Once the increase in death rates caused by the pandemic is exceeded, the tax revenues paid by inheritance decreased by 18.3% compared to the increase of 12.9% last year.
As for the rest of the taxes administered by the referring regional body Sonia Diaz, The biggest increases were in those related to face-to-face gambling, which are still showing the effects of the social restraints caused by the pandemic in the first quarter of last year. collection Gambling rate in casinos doublesup to 1.7 million; And bingo It increased 35% to 2.1 million. The development of the tax is much more moderate. slot machine The number of rods, which healed by only 3.2%, reached 9.7 million.
Work
Regarding state taxes, Tax Administration They also reflect lower economic growth, although weakened by some conditions, such as the strength of the labor market or an increase in pensions. In total, the government agency entered € 1.092 million In the province, 13.9% more in the first quarter compared to the same period last year, which is six points less than the 19% increase that closed the 2022 fiscal year.
In this case, the tax that offers the most positive balance is personal income tax Representing 451 million euros in revenue (IPRF), 16.3% more. As the Tax Office points out in its monthly collection report, the main driver of this improvement is cuts from work, that is, cuts to workers’ payrolls and pensions. A retention favored by both the increase in employment and the increase in the province 27,000 more workers than a year ago– when it comes an increase in wages and, above all, a reassessment of pensions.
It also continues to grow strongly Non-Resident Income TaxApplied to the earnings of other nationals from their activities or assets in Spain, which increased by 15% to 33.7 million euros.
On the contrary, the increase in collection VAT moderated to a much greater extent. Between January and March, this tax figure from tax consumption provided the administration with a revenue of 540.7 million euros, which is only 6.3% higher than the 12% increase recorded last year.
A figure reflecting that consumption continues at positive rates, but with less enjoyment compared to last year. especially important 11 percent decrease in VAT paid on importsGiven the lower job prospects, it indicates a lower supply by companies in the region.
For his part, his collection Corporation tax amounted to 19.4 million, although not significant at this time of the year; External Traffic is about 20.3 million (5.3% more) and Special Consumption Taxes 9.2 million, 5.1% more.