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2019 fiscal year

Introduction

In 2019, tax revenues rose to 212,808 million euros, collection 2% higher than that registered in 2018 .

The year was characterized, among other factors, by the impact of regulatory and management measures that led to a reduction in income of nearly 3,800 million (almost 70% due to extraordinary returns regardless of the evolution of bases and taxes). Without this impact, income would have increased by 3.8% , four tenths above the growth of domestic demand (3.4%) and close to the 4% increase estimated for the aggregate tax base.

The economic context in 2019 was one of deceleration. The general real indicators (GDP, affiliates) moderated their growth as the year progressed. The same could be observed in the indicators constructed from fiscal information (deflated total sales and number of salary recipients in Large Companies and corporate SMEs), although in this case it was seen that the deceleration slowed down in the months centers of the year. At the same time, consumer prices grew less than in 2018, with core inflation gently increasing in recent months, although without exceeding 1% increases. This same downward trend was reproduced in income, a behavior that was only altered with the presentation of the positive quotas of the annual declarations in the middle of the year. This progressive moderation in growth was accentuated by the comparison with the upward step caused by the increases in public salaries and pensions approved in the Budgets in July 2018 and which meant that high income growth was recorded in 2019 in the first part. of the year and more moderate in the second.

Under these conditions, the growth in collection was concentrated, fundamentally, in the income from labor withholdings and gross VAT, to which were added, as has been said, the good results in the contributions to be paid from the declarations. annual reports corresponding to the 2018 financial year, particularly in personal income tax.