In this regard, they pointed out that the increase consolidates a real expansion of fiscal resources driven by the growth of Social Security resources, the Tax to Profits and VAT.
Meanwhile, the Palacio de Hacienda remarked that the Income Tax registered a growth of 82% year-on-year, a fact that occurred “even under the effect of the reforms implemented in 2021 to alleviate the tax burden of workers in relation to of dependency”.
“The increase was the product of the improvements registered in the labor market and the sustained growth of economic activity. Regarding the tax on Personal Assets, an increase of 5.3% year-on-year was registered, affected by a high base of comparison”, they explained.
At the same time, Economy reported that the taxes with a greater relation to economic activity also contributed to explain the growth of national collection.
Within this group are the VAT (69.0% yoy), the Tax on Credits and Debits (64.2% yoy), the Internal Co-participated (33.0% yoy) and the tax on Liquid Fuels (9 .8% yoy).
Source: Ambito
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