At the end of the fiscal year 2025 The consolidated collection from agreed taxes of the Provincial Councils has amounted to 20,324.5 million euros: 2,014.5 million more than in 2024.
This means in relative terms a year-on-year increase of 11%. In general terms, tax collection reflects the positive behavior that the Basque economy registered in 2025, with the exception of corporate tax. However, it should be noted that the year-on-year comparison is conditioned by the exceptional impact caused by the returns to mutualists made by the Provincial Councils during the 2024 financial year, which distorts the year-on-year comparison upwards in personal income tax.
Execution on the approved budget for 2025 has stood at 103.1%. That is to say, 605.9 million euros more have been raised than the amount budgeted for 2025. Likewise, the final amount of tax collection has exceeded the closing forecast approved by the Basque Public Finance Council on October 13, exceeding it by 231.8 million euros.
Within direct taxation, the two main taxes have experienced a divergent evolution compared to the previous year: while Personal income tax has increased above the average of previous years (+14.2%), corporate tax has suffered a notable decrease (-17.3%)the result of a combination of economic and business factors.
Regarding indirect taxation, VAT collection (including adjustments with the State) has experienced a notable increase of 13.3% regarding the 2024 collection, sustained by domestic demand and consumption, as well as the effects of regulatory changes and the measures adopted to tackle hydrocarbon fraud.
Regarding special manufacturing taxes and the special tax on non-reusable plastic packaging, Its global collection (including adjustments with the State) has increased by 9.1% compared to the previous year, mainly due to the increase in the tax on hydrocarbons (11.8%). It is also worth highlighting the implementation of the tax on liquids for electronic cigarettes that was agreed in 2024.
By territory, the Provincial Council of Álava has collected 3,157.5 million euros through agreed taxes, 11.5% more than in 2024. The Provincial Council of Bizkaia has raised 10,442 million euros, 11% more. And the Provincial Council of Gipuzkoa has raised 6,725 million euros, 10.8% more.
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