IGIC income forgets the covid and rises 17% over 2019

The increase in the costs of maritime transport influences the rise in collection. / CARRASCO

The total of taxes meant 1,164 million for the regional coffers between the months of January and April, double that of the previous year

B. Hernandez

B. HERNANDEZ The Gran Canarian palms

The reactivation of economic activity in the Canary Islands after the covid break is manifested in tax revenue, especially in the
IGICwhich supposes a consumption thermometer.

tax collection in the islands it has continued to register upward data in April, whose growth has been favored by the celebration of Holy Week in the middle of the month. In addition, according to
Canary Tax Agency (ATC)there is greater voluntary compliance with the tax obligations of taxpayers.

These factors have allowed the public coffers to enter in the first four months of the year almost
1.2 billion of the total taxes collected on the islands -the
from the REF and those transferred-, which is double what was entered last year at this time (51.68%).

Especially important is the collection of the
IGIC, which experiences an increase of 17% compared to 2019, the year before the health emergency was declared to stand between January and April at 764 million compared to 652 in the pre-pandemic year. Regarding the collection of last year, the rise is almost 300 million (around 63%).

IN FIGURES

  • IGIC
    Between January and April, this tribute meant a total of 764 million for the coffers of the autonomous community, 62% more than last year.

  • Aiem
    The tax on the entry of goods grew by 27% compared to the first four months of 2021 and stood at 70.5 million.

  • registrations
    Records figures down with respect to previous years. So far this year, your income is down 6% over 2021.

Slightly higher (19%) is the percentage that all the
REF precedent resources. Specifically, this accumulated income until April 2022 amounted to 843 million euros, compared to 533 million in the same period last year, which means an increase of 58%.

This figure also reveals a
59.5% growth compared to the first four months of 2020, when the autonomous community, like the rest of the country, was confined by the coronavirus pandemic.

In this time, a total of 528 million euros of REF taxes were obtained by the public coffers, according to data published by the Canary Islands Tax Agency (ATC).

IGIC Collection

The most important tax of the fiscal elements of the autonomous community, the I
GIC, raised last April almost 257 million, compared to 103 million in March. In this way, the accumulated
in the first four months of 2022 this tribute reached 764 million. This figure represents 58% more than in the same period of 2021 and 59.4% compared to the same period of 2020.

There is also a significant jump in the collection by the Insular Tax on the Entry of Goods (
Aiem) between January and April of this year and far exceeds the income recorded in the pre-covid stage. Thus, this tax went from entering 55.4 million euros in the first four months of 2021 to
70.5 million in 2022, that is, 27%% more.

Compared to the same period of time in 2020, a period in which it added 47.4 million, the increase registered this year is 16.7%, according to the information registered by the Tax Agency.

registrations

On the contrary, the other great epigraph of the REF, the
Registration Tax, still does not overcome the figures of 2019 and even registers lower numbers than last year. In this way, this tax meant for the public coffers in the accumulated of April a total of
€5.3 million compared to 5.6 million in 2021 and 6.2 million euros raised in 2020.
Down 30% over 2019.

The Vice President and Minister of the Treasury, Román Rodríguez. / c7

Inflation and maritime transport favor tax collection

The collection of the General Indirect Canary Tax (IGIC) accumulated as of April shows a growth of 62.7% compared to last year and a similar percentage on the income obtained in 2021. This rise is explained by the Canary Islands Tax Agency (ATC) fundamentally due to inflation and the rise in sea freight.

In this sense, it details that there are three factors that justify the increase in the collection of the IGIC. On the one hand, he says, it is necessary to take into account the economic recovery once the crisis caused by the coronavirus pandemic has been overcome.

On the other hand, the considerable increase in maritime transport costs due to the shortage of containers caused by the paralysis of maritime trade due to covid has contributed. And thirdly, the Tax Agency considers that the general rise in prices caused by the high inflation rates that have been registered since the middle of last year has also influenced this increase in collection.

But not only the taxes derived from the REF have experienced a significant increase. So have own and assigned taxes, which accounted for a total of 321 million until April this year, 37% more than the collection obtained last year and almost 5% more than in 2019.

In total, the liquid collection in these four months, both from own and assigned taxes and from the REF amounted to 1,164 million euros, which is 51% more than the 768 million received in the same period last year, when it added 534.8 million.

In addition, and compared to the pre-covid four-month period, the collection in the community increased by 15%, since between January and April 2010, the taxes collected in the Canary Islands totaled 1,015 million.

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