The value of fiscal accounts in August increased by EUR 955 million on an annual basis

The value of fiscalized invoices issued in August 2026 reached 6.56 billion euros, marking a 17 percent increase compared to the same month last year, according to data released by the Tax Administration. This represents an additional 955.3 million euros in revenue collected through the fiscalization system over the annual period. The rise reflects a broader trend of increased economic activity and compliance with tax regulations across various sectors. In terms of quantity, 274.6 million invoices were issued between August 1 and August 31, 2026, representing an increase of 8.9 million or 3.3 percent compared to the same period in 2025. The growth was particularly notable in key sectors within the fiscalization system. In wholesale and retail trade, along with vehicle repair services, the number of invoices rose by 2.6 percent or 4.25 million units, while their total value increased by 7.8 percent or 258.1 million euros. During August, 169.9 million invoices were recorded in this sector alone, totaling 3.56 billion euros. The hospitality and tourism industry, including accommodation services and food preparation and service, saw a significant boost. A total of 65.7 million invoices were issued in these areas, which is six percent more than in August 2025. The value of these invoices climbed by 164.5 million euros or 10.3 percent, reaching 1.8 billion euros. These figures highlight a growing demand in the sector, likely driven by seasonal factors and ongoing recovery efforts following previous economic challenges. The increase in both the volume and value of fiscalized invoices suggests improved business activity and greater adherence to tax reporting requirements. The Tax Administration’s data indicates that businesses are increasingly utilizing digital systems to generate and submit invoices, contributing to higher levels of transparency and efficiency in tax collection processes. The growth in invoice values and numbers has been consistent across multiple industries, indicating a broad-based economic expansion. Retail trade, which constitutes a large portion of the fiscalization system, showed steady progress, while the hospitality sector experienced a sharper rise in both metrics. These trends align with national economic indicators pointing toward sustained recovery and increased consumer spending. The Tax Administration has emphasized the importance of continued investment in digital infrastructure to support the expanding fiscalization network. Officials have noted that the integration of advanced technologies helps reduce fraud and ensures accurate tax reporting. As more businesses adopt electronic invoicing solutions, the administration anticipates further improvements in revenue collection and regulatory compliance. The data from August 2026 underscores the effectiveness of the fiscalization system in capturing real-time economic transactions. With the continued implementation of digital reforms, the government aims to enhance its ability to monitor economic activities and ensure fair taxation practices. The latest statistics confirm that the system is functioning as intended, providing reliable insights into the nation's economic landscape.