3.2.2. Evolution of income for Personal Income Tax

Revenues from Personal Income Tax decreased in 2015 by 0.4%. The decrease was slightly greater (0.9%) in like-for-like terms (adjusting for the different repayment plans and deferrals of public companies). The fall in revenues is marked by the reform of the tax, given that it is estimated that household gross incomes grew by 2.8%. For instance, revenues from taxes withheld on income from employment and economic activities decreased by 1.2%, despite the 3.2% rise in incomes that are subject to the withholding of taxes. The reduction in rates was also noted in taxes withheld on capital incomes (from leases, investment funds and capital gains), which was exacerbated by the fall in the incomes, in the case of capital gains. Payments by instalments and the gross total tax liability (which were not affected by the reform) increased at a notable rate (12.7%).