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Collection grew 90% in April and was below inflation

Collection grew 90% in April and was below inflation

The collection reached $2,551,511.4 million in April. Among the taxes with the greatest response to economic activity, the VAT (+117.3%), the Tax on Credits and Debits (+98.7%) and Co-participated Internal Revenues (+128%) stood out.

The collection reached $2,551,511.4 million in April. It was mainly affected by the performance of taxes associated with foreign trade due to the impact of the drought, indicated from AFIP.

They also reported that if the aforementioned taxes are excluded, the collection presented a growth of 104.5%, while, if the same are contemplated, said variation reaches 90.2%.

For their part, the taxes with the greatest response to economic activity were VAT (+117.3%), Tax on Credits and Debits (+98.7%) and Co-participated Internal Taxes (+128.0%).

https://twitter.com/CastagnetoC/status/1653539499576639488

Regarding the resources of the Social Security (+110.7%), “high growth rates were sustained, deepening the expansive trend observed in recent months,” said the agency collected.

“Salary improvements persist as a factor that explains this expansion” they expanded and assured that the rise responds to the growth of the Employer Contributions (+116.3%) and the increase in Personal Contributions (+104.7%).

As for the taxes that make the system progressive, they expanded by +85.8% as a whole. In particular, the Tax on Personal Property presented an increase of +69.3%.

Meanwhile, Income Tax, registered a variation of +88.0% driven by the increase in the amount of taxable remunerations and the amount of operations achieved and the perception applied to the purchase of foreign currency arranged in July through RG AFIP 5232/22.

Source: Ambito

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