Published 4 months ago

The tax burden, the increase in the SMI and consumption skyrocket the collection of personal income tax and VAT at a record pace

Summary by www.larazon.es

The growth in GDP in the first half of the year has increased tax revenues by almost 9% -more than 29 billion-, making it possible to reduce the public deficit to 1.92%, but without reducing spending, which has meant that the State hole grew to 2.71% until July. Much of this reduction has to do with the increase in revenue, especially tax revenue. Tax revenues reached 124,329 million -out of the total of 151,225 million, 4.7% more than the same …

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The tax burden, the increase in the SMI and consumption skyrocket the collection of personal income tax and VAT at a record pace

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