Tax Revenue Annual Report
The objective is to provide information on the level and annual evolution of tax revenues managed by the Tax Agency (AEAT) on behalf of the State, the Autonomous Regions and the Local Authorities of the Territory of Common Fiscal Regime.
The report uses a method of analysis in which not only are tax revenues analysed in terms of cash, but these are linked to the taxes earned by aggregation of the returns and these, in turn, with the effective rates and bases declared by the taxpayers.Thus, the explanation outline has three levels for each of the taxes:
- Study on the evolution of both the tax base and the average effective tax rate. At this level, the basic sources are the annual stats, available on the AEAT website.
- Analysis about the evolution of the accrued taxes, on the basis of the periodic self-assessments that taxpayers are compelled to submit.
- Cash revenue overview, pointing out the issues that could bring about a different performance in collection compared with accrued revenue.
The framework used tries to cover the whole tax collection course: from the moment in which the taxable fact occurs and the taxpayer obligation is born until it is assessed and cashed, according to the tax rules. It needs to be reminded that, generally, the information about tax bases and accrued taxes reflected in the report concerning the last two years is still provisional.