The co-participation grew basically driven by growth in income tax and VAT collection, which showed nominal year-on-year variations of around 110% and 83%, respectively.
In the case of Profitsthe collection was affected by the extraordinary advance of 15 percent for companies that had profitability of more than 100 million pesos in the previous fiscal period.
When considering the performance of each particular jurisdiction, The City of Buenos Aires stands out with a real growth of 4.7% compared to the same month of the previous year.
For their part, the other provinces showed smaller real variations, around 0.8% real for Neuquén and 2.8% real for Catamarca, so that the amplitude for automatic transfers was 3.9 percentage points.
Source: Ambito
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