He Cash Until October, a total of 6.575 million euros were received thanks to the tax increases and changes introduced this year, according to the monthly collection report of the General intervention of the state administration … collected by Europa Press.
Among the measures introduced at the start of the year and which brought additional revenue to public coffers are the return of the 4% VAT applied to basic foods (from the 2% to which it had been lowered) such as olive oil, bread, milk, eggs or cheese; SO such as the increase to 10% of VAT on another series of products (compared to the introduced reduction of 7.5%) such as seed oils and pastes.
Furthermore, VAT on electricity It has returned since January 1 of this year to the general rate of 21%, above the 10% it had until the end of 2024 due to the rise in energy prices after the war in Ukraine.
The year 2025 also began with changes in corporate taxes that brought more revenue to the treasury, such as the mandatory reversal of impairment losses or limitations on offsetting negative tax bases. Likewise, the tax rate paid by banks was changed, some special taxes were increased and a new tax on electric cigarettes was introduced.
All these measures generated additional revenue of 6.575 million euros until October, according to Treasury data collected by Europa Press, of which almost half, or 3.091 million euros, comes from changes introduced in corporate tax.
Of the total impact on the Corporate tax2.309 million are due to the effect of the consolidation of only 50% of the losses of business groups, which was in force in 2023 and which is still in force this year; as well as the positive net effect of 1,696 million due to a reduction in the compensation limits for impossible negative bases applicable to large companies with a turnover of more than 20 million euros, which went from 70% to 50% or 25%.
This rule was previously in force, from 2016 until it was canceled by a ruling in early 2024, and came back into force in 2025.
The collection of the third installment of the 2024 corporate tax, amounting to 36 million, also had a positive effect, due to the extension of the general payment deadline from December 20 to February 5, 2025 in relation to companies with their tax domicile in the province of Valencia and other municipalities affected in other provinces due to the Dana.
In the case of VATthere was a net increase in revenue of 1,874 million, mainly due to the recovery of tax rates applicable to food and energy products, with a positive effect on revenue of 1,774 and 447 million, respectively.
On the other hand, in special taxes, the net impact was also positive with 759 million. The majority, 436 million, is due to the recovery of the Electricity Tax from the initial rate of 5.113%, compared to the reduction introduced by the energy crisis, which is added to the additional 301 million due to the increase in the rates of the Special Tax on Tobacco Products.
With a positive impact of 1,423 million, there is also the income from the new Tax on the Interest Margin and Commissions of certain Financial Entities, which replaces the temporary tax on credit institutions, as well as the net increase in the collection of 807 million from the Tax on the Value of Production of Electric Energy, since from July 1, 2024 the recovery of the tax rate is total.
Tax novelty for 2025, although with a minor impact, the approval in April of the new tax on liquids for electronic cigarettes made it possible to collect 22 million euros.
Despite these additional net revenues that the Public Treasury collected until October, in the revenues of the Income tax The net variation is negative at 1,093 million, taking into account the drop in income of 1,936 million euros due to the decision in favor of retirees who contributed to mutual workers and who have now received reimbursement of their additional contributions.