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 Authorities (CC. LL). of 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 MARCH 2026

Collection in March is mostly related to the usual monthly self-assessments from payroll and capital withholdings, Excise Duties matching February’s accruals (December’s in the case of alcohol) and VAT self-assessments from January.

Total Tax Revenue reached €17.2 billion in March, 6% above the same month last year. The outcome was the result of an increase in gross re venues of 6.8% and a decrease in refunds paid of 10.8%.

In the first quarter of the year, revenue increased by 11.7%, with an 8.1% increase in gross revenue and a 5.9% decrease in returns processed. In homogeneous terms, revenue up to March increased by 9.6%, three tenths less than the amount accumulated in the first two months.

The pace of growth slightly slowed down in March mainly for three reasons: the lower impact of the payment of arrears related to the salary update for public sector employees and the receipt in March 2025 of some outstanding revenues in the private sector, both causing that the increase of withholdings is somewhat lower than previously recorded, and the end of the positive impact that the recovery of the tax rates on energy and food staple had on VAT (March records the accrual from January that, for the first time in a long period, was settled with the same rates as those in force the previous year).

Next release: May 29, 2026 (April 2026)