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.

Tax revenues November 2025

In November, the amounts received were mainly from the usual monthly returns, the second installment of the positive quotas from the annual return of PIT, the declarations corresponding to the third quarter of the taxes on alcohol, and the Tax on the Value of the Production of Electricity settling the third quarter of the large producers and the first three quarters of the small ones.

Tax revenues in November amounted to 22.785 billion euros, 19.2% higher than those collected in the same month last year.. The result is due to a 13.3% increase in gross revenue and a 6.4% decrease in returns.

Revenues accumulated through November grew by 10% compared to the same period last year past (9.9% and 9.5%, respectively, gross income and returns made). On a like-for-like basis, revenues increased by 11% between January and November. percentage two tenths higher than estimated until October.

In November, the high growth in withholdings from work continued and VAT gross, particularly in the latter, which have characterized the year. But the strong rebound observed in revenue, especially when compared to the previous two months, was mainly due to three reasons. The first is the accounting in November of the second installment of the positive quota of the annual declaration of PIT. As seen in July, this share grew significantly (above 22%). In November it also did so in that environment, but in addition the figure is compared with the 2024 data affected by the postponement of the second installment of PIT in Valencia as a consequence of the DANA. The growth in this year's quota plus the almost 300 million that were deferred last year is what caused the result of the annual declaration to grow by nearly 30% in November. The second reason is the advance of refunds from the annual Corporate Income Tax return. Returns to the SMEs; This year those refunds began to be made as early as July. And the third reason is the existence of extraordinary income amounting to more than 300 million in the Non-Resident Income Tax, which explains the increase of more than 70% in November in this figure.

Next release: March 31, 2026 (December 2025, January and February 2026)