3.2.1. Evolution of income for Personal Income Tax

Withholdings from work grew by 6.5 percent, with an increase of 7 percent in the private sector and 5.8 percent in withholdings on salaries and pensions paid by the AA.PP. The annual declaration contributed more than 1,000 million to the growth of Personal Income Tax in 2018, with an increase in gross income of 11.3 percent (due to the high growth in the previous year of income not completely subject to withholdings and payments on account), while returns grew by only 1.1 percent. Fractional payments and withholdings for movable capital income grew above 6 percent. On the negative side, withholdings for capital gains in investment funds were reduced by 20 percent, a consequence of the high levels reached in 2017 and the poor results in secondary securities markets.

Evolution of income for Corporation Tax

In 2018, income from Corporate Tax increased by 7.3 percent, with high growth in installment payments (11.7 percent) due to the good performance of profits, and in refunds (14.1 percent). , linked to the declarations and settlements of previous years and the advance in the pace of realization. The evolution of installment payments was marked by the strong increase in the second payment on account, which was concentrated in a small number of groups, while in the rest of the groups and Large Companies the growth was more modest (around 4 percent). cent) and consistent with the evolution of profits and the tax base of the payment.