The data from the 2024 State General Account, published by the Directorate-General for the Budget (DGO), reveals an increase of 54 million euros in tax revenue collected after the voluntary payment period compared to 2023.
The CGE indicates that 402.1 million euros were collected coercively in personal income tax (IRS), closely matched by 402.9 million euros in value-added tax (IVA). However, a year-on-year comparison shows differing trends for these taxes. The 402 million euros in personal income tax represents a 17.3 million euro increase (4.5%) compared to the previous year, while the IVA saw a rise of 101.6 million euros (33.7%).
Among indirect taxes, IVA is notably one of the few where coercive collection increased, alongside the Stamp Duty, which registered an increase of 3.1 million euros, reaching 15.9 million euros, while a decline was noted in other indirect taxes.
In terms of direct taxes, IRS stands out as an exception; coercive collection of corporate income tax (IRC) decreased by 11.5 million euros to 179.7 million euros.
The total value of annulled tax debts in 2024 was 609.1 million euros, reflecting a 94.2% decrease compared to the previous year.
Tax debt annulments can occur following the submission of substitute tax declarations and the resolution of judicial appeals and administrative complaints.
“The decrease in the annulled debt amount was mainly driven by the Stamp Duty and compensatory interest, together decreasing by 9,867.1 million euros,” according to the document. It further explains, “This decrease is primarily due to the 2023 annulment of a self-assessed Stamp Duty regarding item 2—rental contracts, amounting to 9,796.9 million euros in compensatory interest, resulting in the annulment of the corresponding contract and the termination of the fiscal enforcement process.”
