“Tax VAT registered an improvement again in real terms, in line with the dynamism of the internal market. The magnitude of the year-on-year variation of the tax was attenuated by the exceptional adherence to payment plans during the past month and the greater compensations made towards other taxes. When these factors are not considered, the interannual variation of the net VAT shows a positive real balance of greater magnitude”, detailed from the Ministry of Economy.
Increases of over 65% were also verified both in terms of personal contributions as for Employer contributions. These two taxes contributed more than 20% of the additional money compared to last year.
Also, the tax on Profits and the Export rightsalso known as retentions, also grew in real terms, posting year-on-year increases of 65.6% and 71.1%, respectively.
“February thus marks the best level of real collection for this month on a historical level. This year, the basis for comparison ceases to be a determinant of growth in collection since in 2021 it exceeded the values collected in real terms for the years of the 2018-2020 crisis,” they assured in the portfolio led by Martín Guzmán.
It is worth noting that the Government intends that the reduction of the fiscal deficit proposed in the framework of the agreement with the IMF be achieved by the side of greater collection, and not by a cut in spending.
Source: Ambito
David William is a talented author who has made a name for himself in the world of writing. He is a professional author who writes on a wide range of topics, from general interest to opinion news. David is currently working as a writer at 24 hours worlds where he brings his unique perspective and in-depth research to his articles, making them both informative and engaging.
