This is a nominal improvement of 127.4% compared to the same month last year but, if 12-month inflation is effectively discounted, a drop of 7% was recorded.
The Federal Administration of Public Revenue (AFIP) reported that in October a collection of $4.4 billion was recorded, a figure that shows a real decrease of 7.6% compared to the same period in 2022. In nominal terms, lTax revenues increased by 127.4%, according to official data.
“Excluding the collection of export duties, it would have fallen 4.8%,” indicated the Argentine Institute of Fiscal Analysis (IARAF). The entity directed by the economist Nadin Argañaraz, specified that “The collection that would fall the most would be that of export duties, which would have fallen by 55.2% reyear-on-year, followed by fuels with 48% and Personal Goods with 28.2%.” On the other hand, the private report says that “the taxes that increased the most in real terms would be the PAIS tax with 176.4%, followed by co-participating Internal taxes with 12.1% and the check tax with 8.8%.”
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According to official data, Income Tax contributed $948,529.1 million with a nominal increase of 87.1% and a real decrease of 24%, discounting the effect of inflation for the period estimated between 146% and 148%.
On the other hand, The Value Added Tax (VAT), the other pillar of collection and sharing, left $1.5 trillion, with a nominal 152.9% improvement, and 3.6% real. “To achieve this performance in VAT, tax administration measures were decisive, such as the suspension of non-withholding certificates for certain importers, tax monitoring, improvements in the regime for the collection of digital platforms, and greater oversight of large taxpayers. and activities selected due to the risk of non-compliance,” said the AFIP.
One of the taxes that showed a significant performance improvement is the PAIS Tax due to its generalization to all types of dollar sales To import, which wasn’t there last year. “The income generated by the PAIS tax grew 580% in October compared to the same month last year with a total of $234,891.4 million collected,” indicated the AFIP.
Meanwhile, among taxes on foreign trade, Withholdings on exports contributed only $118,812 million, with a nominal increase of just 10% while The tariffs and statistical tax left $152,742 million, with a nominal increase of 163.5% and 7.1% real.
Besides, Regarding Social Security, personal contributions raised $359,582.7 million, with a nominal increase of 129%while Employer Contributions did the same for $513,306.2 million, with a nominal 120% improvement.
Source: Ambito
