Tax Revenue monthly report
Tax Revenue Monthly Report (TRMR) reflects the monthly level and evolution of taxes yield managed by Spanish Tax Agency (A.E.A.T.) on behalf of the Central Government and the Local Authorities
TRMR tax revenue is presented as cash and net yield (gross receipts minus refunds). The net measure explains the emergence of negative figures in some months.
Tax revenues November 2021
In November, in addition to the usual monthly returns, the second instalment of the annual personal income tax return for 2020 is included.
Tax revenues in November totalled 15.46 billion, an increase of 0.6% compared to the same month in 2020.
The small increase this month contrasts with strong increases in previous months and high growth for the year as a whole.This change is explained by two elements that negatively affect the year-on-year comparison.The first is the November 2020 receipt of a large part of the deferrals granted in the first months of the pandemic (925 million).The second is the impact of measures to curb electricity price increases (more than 1 billion in the month).Eliminating these elements, the rate of change would be 14%, more in line with the trend of previous months.
In the year to date, revenue growth was 14.9%, with gross revenues up 11% and refunds down 3.1%.
Compared to the same period in 2019, revenues in 2021 are up by 4.6%.
