Almost all economic events have two sides and inflation This does not escape reality. If strong during the last year and a half increased prices It was one of the reasons why the Tax Office gave permission. Significantly increase your collection in the province -remember that we closed last year with an increase of over 19%-, Current moderation of CPI also behind Brake started to be noticed in government revenue In Alicante, or at least in a significant part of it.
This is reflected in the latest monthly report prepared by the state body, which reflects that the main national taxes on the border were collected last April. but increased by 2.1% annually, at most 618.7 million The euro has been rising practically since the end of the pandemic, compared to the usual double digits.
This number increases accumulated in the year moderate up to 9.3%A total of 1,711 million Euros was invested, from 13.9% reflecting April data.
In this sense, one of the moments when the slowdown is most evident is VATthe most taxed consumption evolutionbut also their prices, as they represent a fixed percentage of different products. In addition, the month of April is the key to knowing its development, because quarterly statements SMEs
And the results are not so good for the public coffers. According to Tax Office data, VAT revenues in April 285.1 million in Alicante, only 0.2% more than in the same month of the previous year, when the accumulated figure for the year was 825.9 million, up 4.1%. The same tax figure has nothing to do with the 20.1% increase it registered at this time last year.
Aeat himself acknowledges the effect in his report: ” lower intensity of price increaseshighlighted by the fact that some products (ie food) with the highest increase were seen. lowered the rate VAT”.
In conclusion, it should be noted that this slowdown in inflation is not the only reason for the low increase in public revenues. For example, in the case of VAT, a decline in import paymentsThis means that companies reduce their purchases from abroad or pay less to meet their own needs, as is the case with companies importing some raw materials whose prices have fallen.
Likewise, there is an important artificiality. personal income tax derived, on the one hand higher rate of return of revenue campaignAnd reduction in withholdings launched in the lower salaries and pensions. It is a measure felt especially in Alicante, one of the provinces with the lowest wages in the country.
Thus, the net income from personal income tax In April, the inter-year rate fell by 6.4%, Up to 183.9m euros, but due to good data at the beginning of the year, there is still a significant 8.7% growth in the accumulated figure for the year and a total of 635.6m euros.
Likewise, Non-Resident Income Tax cut its advance to 2.5% in April, with 40.8 million collected so far this year.
On the contrary, the tribute, which continues to grow strongly, Corporation taxreflecting balance sheet improvement Despite the results of the increase in expenses, this situation experienced by companies since last year shows that most of the companies reflect these high costs to their sales prices and even benefit from it. increase their margins. Collection for this tribute in April grew by 21.6% And in the year’s accumulation already 59.9% more, until it reaches 147.2 million euros.
Overall, it should be noted that the economic recovery and inflation have brought tax collection in the province to all-time highs, so now it is growing at record lows, albeit with less growth, which has given the Government a margin for having implemented some reductions such as VAT on electricity or food. .