3.2.2. Evolution of income for Value Added Tax

VAT collection in 2020 fell 11.5 percent. The difference with the evolution of gross income (-9.4 percent), which is more representative than net income of what happened in the year with the subject expense, is explained by the fact that the returns made were not reduced at the same rate (-4.1 percent) when including returns generated in 2019 (annual and monthly returns of the last periods of that year) not affected by what happened in 2020.