[HIGHLIGHTS] The increase in card payments brings out 6,000 million a year in the underground economy through VAT

The increase in card payments brings out 6,000 million a year in the underground economy through VAT. Did tax fraud and the undergroundEconomy reduce after the pandemic? Analysis 2019-23 based on VAT collection is published this Thursday.

"The percentage of household consumption that pays VAT grew between six and seven points without significant variations in the regulations," says the report. The report also explains the " positive tax residuals " to which the governor of the Bank of Spain, Pablo Hernández de Cos, referred.