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Driven by the soybean dollar and Profits, collection grew 95.6% in December

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Indices

In this sense, it is worth noting that foreign trade taxes showed a growth of +126.4% year-on-year (yoy).

The main concept that explains the growth is Export Rights, this dynamic is explained by the liquidation of exports from the soybean complex carried out during the month of December within the framework of the Export Increase Program (Decree 787/2022). In turn, Import Duties and statistical tax, which together registered an increase of +56.2% yoy

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As for the taxes that grant progressivity to the system, they expanded by +111.9% yoy as a whole

Imports Exports Trade Surplus Deficit

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Ignacio Petunchi

In particular, the Income Tax registered a growth of +116.6% yoy as a result of the income of the third installment of the extraordinary payment on account of profits made by the companies.

Collection – Complete 2022 – 12.pdf

Taxes

For their part, the taxes with the greatest response to economic activity also contributed to explaining the growth in national collection. Within this group, VAT (+89.2% yoy), Tax on Credits and Debits (+85.5% yoy) and Co-participated Internal Revenues (+96.3% yoy) stand out.

Regarding Social Security resources (+96.5% yoy), high growth rates were sustained, deepening the expansive trend observed in recent months.

Wage improvements persist as a factor that explains this expansion. The rise in these resources responds to the growth in Employer Contributions (+101.3% yoy) and the increase in Personal Contributions (+90.4% yoy).

Source: Ambito

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