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 APRIL 2026

April’s collection is one of the largest in the year. April mainly accounts for the customary monthly self-assessments (matching March, except for VAT that corresponds mostly to February and alcohol excise duties matching January), the SMEs’ first quarter self-assessments (withholdings, instalment payments and VAT) and the Corporate Income Tax first payment on account and the largest payment of the Public Radioelectric Domain Fee.

Tax revenues in April amounted to €44.6 billion, 8.9% above the same month of 2025. Gross revenues increased by 8.8% and refunds paid by 8.4%.

In the year-to-date, revenues grew by 10.6% (gross revenues increased by 8.4% and refunds paid decreased by 1.6%). In homogeneous terms, revenues increased by 9.3%, a rate three tenths below that recorded until March.

The good pace of revenue growth continued in April thanks to the enduring strong increase of withholdings (with public receipts and SMEs’ first quarter revenues growing at rates above 10%) and the good outcome of the first instalment payment of the Corporate Income Tax (linked to profits in the first quarter, which grew by about 14%). However, the trend in revenues is slightly slower than in previous months as the upward impact of withholdings on earned income driven by the payment of arrears to public employees at the beginning of the year is no longer felt and because gross VAT is already growing in line with the evolution of expenditure without the additional revenues resulting from the recovery of rates on energy and food that continued until the first months of this year. The rate cuts approved by the RDL 7/2026, adopting the Integrated Response Plan to the Middle East Crisis, had little impact until April, in particular on VAT where the effects on the self-assessments of Large Corporations will begin to be noticed 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%.

Next release: 29 June (May 2026 report)