Overview

• June tax receipts climbed 7.3% year-on-year to €98.5 billion, bringing first-half collections to €447.6 billion, an 8.1% increase
• Levies on dividends, corporate profits, capital gains and interest all posted double-digit growth in June
• Value-added and tobacco taxes registered notable increases even as wage tax growth remained moderate at 2.6%
• Inheritance and property transfer taxes surged by 35.7% and 23.8% respectively but continued to exhibit high monthly volatility
• States and municipalities face uneven revenue streams, prompting renewed calls for tax-system modernization and cautious budget planning