In Spain

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FEDEA Estimates Undeclared Income in Spain at €112 Billion

FEDEA published a study today by Jaime Vallés and Anabel Zárate (University of Zaragoza) quantifying the tax gap, defined as undeclared income in the Personal Income Tax (IRPF) across the 15 Common Regime autonomous communities between 2003 and 2022. The results show a sustained improvement in aggregate tax compliance throughout the analyzed period. In the early 2000s, declared income represented around 70-75% of actual income, while in recent years it…

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Spanish inflation moderates to 2.9% at end 2025 thanks to petrol and despite food prices

CdM | Inflation stood at 2.9% at the end of 2025, representing a 0.1% drop in the year-on-year rate in December, thanks to lower petrol prices and despite the rise in food prices, according to final data published by the National Statistics Institute (INE), which confirm the preliminary figures. In detail, transport and leisure and culture were the groups that stood out most for their influence on the decline in…