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Tuesday, March 21, 2023

Collection grew 82.3% year-on-year in February

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Meanwhile, below the average were Import Duties and Statistical Rate (47.9%), Total Fuels (37.5%) and Export Duties (-55.9%).


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“The collection in February would have grown by 109% in comparison with the same month of 2022”, The AFIP said that it had not mediated the decrease in income from export and import duties and the statistical rate, which is the customs component of VAT and profits received from imports.

Imports Exports Trade Surplus Deficit

Ignacio Petunchi

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Specifically, he explained that Export Rights were reduced by 55.9% in comparison with February 2022 due to lower volumes registered in the Sworn Declarations of Sale Abroad (DJVE) corresponding mainly to wheat and soybean derivatives, due to the effect of the drought and the completion of the Export Increase Program -or soybean dollar- that generated an advance of the exports that are usually liquidated in these months.


Instead, detailed that VAT grew 106.1% in February compared to the same month last year, an increase that was positively affected by the VAT Tax component, which increased even more, 138%.

The tax on Credits and Debits in Current Accounts also grew above average, 101.1%.

“Both taxes allow us to anticipate that the level of activity in the economy remains relatively high,” said the AFIP.

Source: Ambito

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