Spain public revenue

spain tax collection

Spain’s Tax Collection Capacity Is Doubtful

Intermoney | The Spanish government’s collection capacity, given that the basic economic scenario is likely to be worse than it has projected, must be questioned. In fact, even taking into account the tax hikes included in the 2021 budget bill, we estimate tax revenues will be around 211 billion euros in 2021. So almost 11 billion euros below budget and this would be equivalent to just under 1% of next year’s GDP. This figure does not include the capacity to fight tax fraud, which is expected to generate 828 million euros.