The greatest dynamism Alicante economy Throughout this exercise, especially tourism attractionalso own Its reflection on the collection of the Tax Office In which province? growing at more than twice the national average so far this year. Good behavior supported by payments made to them by companies in the region benefitsbest evolution VAT or increase work And pensionThis means higher income tax withholding.
According to the last monthly report prepared by this organization, a special delegation of the Tax Office entered Alicante until last September. 3,457.9 million euros, 10% more compared to the same period last year. Although this figure represents a significant moderation from the progress made in 2022, when inflation triggered tax collections by 19%, it also represents a much greater progress than the progress made nationally, which was limited to 4.5%.
The biggest difference was recorded as follows: Corporation taxThis is what taxes the profits of companies located in the area. In the first nine months of the year, Alicante companies have paid so far: 464.8 million net Euro for this concept, i.e. 25.3% more year-on-yearcompared to the 11% drop recorded nationally.
However, it should be noted that the state figure is marked with an increase. Refunds The incident regarding advance payments in 2021, recorded in the first months of the year and affecting mainly large companies based in Madrid. It is a trend that the improvement in profits has not been realized in Alicante. Sabadellwho beat him historical record.
It also got bigger VAT collection, In the state it rose to: 1,370.9 million Through September, the euro is 7.8% higher than the 1.4% increase in the state average. In this sense, it is worth remembering that the data received from the Tax Office delegation in Alicante reflects the amount declared by province-based companies, not the total amount paid by residents and visitors to the region for this concept. This is, in any case, the Alicante companies’ sales increased above what is happening in the country as a whole.
Finally, it is worth emphasizing the good development of the sector. personal income tax, but in this case it remains slightly below the Spanish average. Added until September 1.389 million It was observed that the euro was 8.9 percent more in Alicante, while there was an increase of 9.5 percent in the whole of Spain.
In any case, it occurs due to a very significant increase. increase in the number of people employed –20,000 more Alicante residents enrolled in Social Security than a year ago – and fees In addition to the recovery they received pensionfollowing the strong revaluation they experienced at the beginning of the year. These increases cause the withholding tax applied to payrolls and pension payments to increase by 12.3%.
Tax among the few headings that come down Foreign Traffic (52.8 million, -3.4%), which imposes taxes on product imports from third countries Decline in foreign purchases From companies in the region.
More dividend and interest income
The Tax Office’s monthly report also includes a 9.9% increase in movable capital withholdings across the country. This is a fact demonstrated by the high dividends distributed by companies, as well as the high fees that have begun to be applied to current accounts and deposits. Of course, in return, the profits made by investment funds also decrease.