3.2.3. Evolution of income for Corporation Tax

Income from Corporate Tax increased 10.3 percent in 2015, reaching 20,649 million. In like-for-like terms, revenues grew by 15.9%. In this growth, three elements can be distinguished: the increase of the gross total tax liability and of payments by instalments of SMEs, which reflects the improvement in profits in 2014; the increase of revenues from inspection reports; and the more moderate increase of payments by instalments of large corporations and groups that are representative of the evolution of profits in 2015, but which, unlike the previous ones, are affected by the reform of the tax and changes in the deductibility of depreciation expenses.