In what concerns the tax revenues based on value added tax (VAT) was raised 14,834,500,000 euros in the twelve months of last year, over 7.4% than the 13,814,100,000 hoarded in the same period 2014.
This means that 27.5272 billion euros raised in 2015 with IRS and VAT grew only 3.2% falling below the increase of 3.7% forecast in the State Budget for 2015, the previous government PSD / CDS-PP.
In the document, the executive led by Pedro Passos Coelho kept the surcharge of 3.5 % in personal income tax applied to income amounts exceeding the national minimum wage, but introduced a “tax credit that will allow reparation, partially or totally, the surcharge collection for the year 2015″.
However, this relief was dependent on VAT receipts and IRS , since the tax credit calculation formula considers the difference between the sum of the revenues from these two taxes actually collected (and cleared in the synthesis of budget execution in December 2015) and the sum of the two taxes estimated for the year as a whole in the 2015 state budget revenue.
In the budget execution until August, then the Government admitted returning next year 35 3% of personal income tax surcharge paid in 2015, but when it was known budgetary execution until September, this prediction fell to a return of only 9.7%, falling consecutively in the last months of the year, which already anticipated that there would be no place any return in 2016 (at the time of settlement of the IRS).
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