Tax collection forgets the pandemic and the IGIC enters 17% more than in 2019

The increase in the costs of maritime transport is one of the factors that influences the rise in tax 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 IGIC, which is a consumption thermometer. Tax collection on the islands has continued to record 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 the Canary Islands Tax Agency (ATC), there is greater voluntary compliance with taxpayers' tax obligations.
These factors have allowed the public coffers to enter almost 1,200 million of the total taxes in the first four months of the year that are collected on the islands -those from the REF and those transferred-, which is double what was received last year at this time (51.68%).

The collection of the IGIC is especially relevant, which experiences an increase of 17% compared to 2019, the year before the health emergency was declared, to 764 million between January and April 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 preceding resources of the REF increase. 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%.

The only REF tax that continues with figures lower than in 2019 is the Registration Tax

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

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

The most important tax of the fiscal elements of the autonomous community, the IGIC, collected almost 257 million last April, compared to 103 million in March. In this way, the accumulated in the first four months of 2022 of 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.

On the contrary, the other great heading 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 represented a total of 5.3 million euros for the public coffers in the accumulated April compared to the 5.6 million in 2021 and the 6.2 million euros collected in 2020. Down 30 % over 2019.

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