Taxes linked to recent economic activity contributed to the growth of national collection. Within this group stand out VAT (+110.1% year-on-year), the Tax on Credits and Debits (+86.5% year-on-year) and Internal Co-participation (+76.1% year-on-year)
The taxes that grant progressivity to the system recorded, as a whole, an increase of 115.3% year-on-year, while the resources of the Social Security rose 89.7% and, according to the government, “its expansion was explained by salary improvements.”
The higher revenues for this last concept respond to the growth of the Employer Contributions, 91.6%, with an amount of almost $233,000 million; and the 87% increase in Personal Contributions, with just over $157,000 million.
The official report highlighted that “the evolution of these taxes continues to be affected by the exemptions granted by the National State to alleviate the tax burden on the Health sector.”
The Income Tax presented an increase of 128.5%to add a little more than $507,000 million “partly due to the effect of the first installment of the extraordinary payment on account of profits made by the companies”.
For its part, the Tax on Personal Assets, with almost $52,900 million, registered a growth of 38.5%a tribute in which “people paid the last installment of the payment facility plan for the balance of the affidavit corresponding to the year 2021,” the official statement highlighted.
Import Duties and the statistical rate together registered a growth of 70.6% to add $58,700 million, and Export Duties increased 16%, to $107,600 million.due to the fact that the cereal companies previously liquidated some US$8.2 billion last September, when the export promotion regime also known as “dollar-soybeans” was temporarily in force, with a special price of $200 for each unit of US currency.
The AFIP also specified that in October $42,000 million were refunded for various concepts, among which VAT refunds to exporters stood out, for an amount of $11,000 million; for Export Reimbursements, for $18,000 million, and VAT Refunds for the Grain Marketing Regime, for $13,000 million.
On the tax front, last week, Economy Minister Sergio Massa had dinner with members of a bipartisan delegation from the United States Senate that was visiting the country, led by Senator Bob Menéndez, with whom he discussed the exchange of tax information between both countries.
The central objective of the exchange, which is in the advanced process of negotiation, is to detect evasion and undeclared accounts in the United States. According to official calculations, there would be at least around US$100,000 million that would be in the accounts of Argentines in the North country.
Source: Ambito
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