Business · Economy · 12 hrs ago
Spain’s tax revenue rose 10% despite a sharp fall in fuel taxes
Spain collected €248.3 billion in taxes from January to September, a 10% increase on the same period last year.
Revenue grew despite a 13% fall in fuel-tax receipts, linked to tax cuts intended to ease the impact of higher energy prices.
The cuts were part of government aid packages introduced after the conflict in the Middle East disrupted energy supplies.
Those energy tax cuts reduced revenue by about €3 billion through September.
Higher receipts from other taxes more than offset that loss, led by personal income tax, which rose 12.5%.
Overall tax revenue continued to rise, while the government also reported a public-sector deficit of about €30 billion through August, excluding local authorities and spending related to the floods.
Spain’s tax revenue rose 10% in the first nine months of the year to €248.326 billion, according to the Tax Agency.
Revenue from the tax on hydrocarbons fell 13% over the same period, including a 25% drop in September.
Tax cuts introduced to ease the impact of the conflict in the Middle East reduced public revenue by about €3 billion through September.
Higher receipts from other taxes more than offset those cuts, led by personal income tax, which rose 12.5% to €118.068 billion.
- Who
- Spain’s Tax Agency published the figures.
- What
- Tax revenue rose 10% in the first nine months of the year, despite a sharp fall in revenue from hydrocarbon taxes.
- When
- The figures cover January to September and were published on Friday, October 30, 2026.
- Where
- Spain.
- Why
- Growth in other tax receipts, particularly personal income tax, more than offset revenue lost to energy-related tax cuts.
This story does not have two clearly opposing sides.
Israel and the United States attacked Iran, according to the article.
Tax revenue rose 10% to €248.326 billion, while hydrocarbon tax revenue fell 13%.
The tax reduction on diesel was increased from 10 to 20 cents per litre.
The Tax Agency published the revenue figures.
- Total tax revenue
- €248.326 billion, up 10% in the first nine months
- Hydrocarbon tax revenue
- Down 13% in January to September and 25% in September
- Personal income tax
- €118.068 billion, up 12.5%
- Energy tax cuts
- Reduced revenue by about €3 billion through September
- Diesel tax reduction
- Increased from 10 to 20 cents per litre in September