Tax collection grew 93% during January to $2.2 trillion

Tax collection grew 93% during January to .2 trillion

The improvement in collection is recorded in the midst of an inflation estimated by private analysts close to 100% for this year.

Thus, tax collection increased by 81.6% in 2022 compared to the previous year, after having registered a year-on-year rise of 95.6% in December. In particular, the personal property taxwhich exceeded $23,500, and registered an increase of 331.4% before the additional application of 25% provided by AFIP resolution 5272/22 from October 2022.

While, Income Tax registered a growth of 97.8%by adding more than $471,800 as a result of the income of the extraordinary payment on account made by the companies and the perception applied to the purchase of foreign currency arranged in July through the General Resolution of the AFIP 5232/22.

For their part, “the taxes with the greatest response to economic activity also contributed to explaining the growth in national revenue,” the statement said.

Within this group stood out VAT-DGI with an increase of 103% to reach $439,200 million, the Tax on Credits and Debits, with an increase of 97.4% and almost $156,000 million in collections, and Coparticipated Internal Revenues, with an increase of 94.5% and slightly more than $57,200 million obtained.

As to Social Security resources the rise reached 105.4% year-on-year because “high growth rates were sustained, deepening the expansive trend observed in recent months.” “Salary improvements persist as a factor that explains this expansion,” said the Ministry of Economy.

The increase in these resources responds to the growth of 108.9% of Employer Contributionsto add $380,500 million, and to the 101.4% increase in Personal Contributions, which almost reached $251,000 million.

Instead, the collection of export duties fell 4.4% by exceeding $65,100 million, while imports rose 58% to almost round $65,000 million.

Source: Ambito

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