Monthly Tax Revenue Reports

The Monthly Tax Revenue Report (IMRT) shows the level and monthly evolution of tax revenues managed by the Tax Agency on behalf of the State. and the Local Corporations. within the Common Tax Regime Territory.

IMRT tax revenues are presented on a cash and liquid basis, i.e. as the difference between gross revenues and refunds made.

Tax revenues June 2026

June records the usual submission of self-assessments, consisting mainly of the monthly tax forms of withholdings, Excise Duties on Hydrocarbons, Tobacco and Electricity and Insurance Premium Tax of May, VAT of April, alcohol taxes of March, and the first instalment payment (January-May period) of the Tax on spent nuclear fuel and radioactive waste.

Tax revenues in June amounted to €13.93 billion, 9.1% above the same month of 2025. This result is a combination of an increase in gross revenues (4.7%) and a decrease in refunds paid (-1.7%).

The strong growth in net income in June arises even though the data is compared to a month of 2025 that included the instalment payment of the Tax on the Interest and Charges Margin of Certain Financial Entities, which last year was exceptionally submitted in June (this year it was entered on the scheduled date, in February). If this income is not taken into account in the previous year, the increase in net income would reach 14.2% and that of gross income 7.6%.

Total revenues in the first half expand by 10.4%, with a 7.8% increase in gross revenues and a 1.2% decrease in refunds paid. In homogeneous terms, revenues increase in the first half of the year by 8.7%, four tenths less than the estimated rate until May.

Revenues in June continued to show high rates, although, with a broader perspective, the trend is towards gradual moderation, more pronounced in recent months as all the effects of the rate cut approved by RDL 7/2026 have been building up. June kept the revenue dynamism maintained thanks to the increase in earned income withholdings, the resilience of gross VAT (now with the full impact of the cut rates on energy products) and the significant increase in revenue from withholdings on movable capital and on capital gains in investment funds.

Next release: 11 September (July 2026 report)