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.

TOTAL TAX REVENUE AUGUST 2026

August records mainly the usual monthly self-assessments (except for the Tax on Insurance Premiums), the second quarter of the excise duties on Alcohol, Beer and Intermediate Products, and the positive outcome of the Corporate Income Tax annual return from most taxpayers (those whose fiscal year matches with the calendar year and submitted their self-assessment up to 27 July).

Net tax revenues in August amounted to €29.5 billion, 7.1% above the same month last year. Gross revenues grew by 5.4%, while refunds paid decreased by 4.6%.

In the year-to-date, revenues grew by 9.7%, with a 7.8% increase in gross revenues and a slight drop in refunds paid (-0.1%). Homogeneous revenues, also up to August, rise by 8.2%, five tenths less than the increase estimated until last month.

The slowdown in growth noted in August was mainly due to the decrease in revenues in the Corporate Income Tax annual return. It should be recalled that this item is affected this year by regulatory measures that lower the tax (rate cuts for SMEs and the increase of the capital reserve) and by the way in which the limit to 50% to the off-set of losses of companies belonging to groups was implemented in 2024 (in that year the measure had an effect on the net outcome, unlike in 2025 when the key impact was on instalment payments). In the rest of revenues, on the other hand, the dynamism of previous months was maintained, even showing signs of a rebound, which are likely temporary, in withholdings on earned income and in gross VAT. In any case, as in previous months, the overall trend in total revenue is one of gradual moderation.
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Next release: 30 October (September 2026 report)