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 April 2026

The revenue collected in April is one of the highest amounts of the year. In April, the usual monthly returns are mainly filed (accrual for March, except in the VAT which correspond mostly to February and to alcohol taxes which refer to January), the first quarter declarations of the SMEs (withholdings, installment payments and VAT), the first advance payment of Corporation Tax and the largest payment of the Fee for Reservation of the Radioelectric Public Domain.

Tax revenues for the month of April rose to 44,611 million euros, 8.9% more than in the same month of 2025. Gross revenue increased by 8.8% and returns made by 8.4%.

In the first four months of the year, revenues grew by 10.6%. (Gross revenue increased by 8.4% and returns decreased by 1.6%). On a like-for-like basis, revenues increased by 9.3%. rate three tenths lower than that recorded up to March.

In April, the good pace of revenue growth continued thanks to the still strong increase in withholdings (with public revenues and the first quarter of the SMEs in rates higher than 10%) and the good results of the first advance payment of Corporate Income Tax (linked to profits in the first quarter, which grew by about 14%). However, the trend in income is showing a slight slowdown compared to previous months because the upward impact on payroll taxes from the payment of back wages to public employees at the beginning of the year is no longer present, and because the VAT Gross figures already show growth in line with the evolution of spending without the additional income derived from the recovery of rates in energy and food that extended into the first months of this year. The interest rate cuts approved in the RDL 7/2026, which approved the Comprehensive Crisis Response Plan for the Middle East, had little impact until April, particularly in the VAT in which the effects on the declarations of large companies will begin to be felt in the May tax revenue.

Next release: June 29, 2026 (May 2026)