The data is important since next Saturday an Argentine team will travel to Washington to negotiate the main points of the agreement that Argentina will sign with the organization, and will be able to show positive numbers in order to project the fiscal deficit of 2022.
Earnings and VAT
On the one hand, the Income Tax recorded income of $ 228,250 million, which implies a nominal increase of 45.8% year-on-year. In real terms, that tax fell 4.5%.
Meanwhile, VAT increased by a nominal 61.6% compared to the same month last year to $ 306,696 million. Discounting the inflationary effect, it rose 6.4%. “In the collection of VAT, it is also appreciated that returns grew by a nominal interannual 170%, with a monthly amount of $ 7,000 million,” the Argentine Institute of Fiscal Analysis (IARAF) said in a report.
On the other hand, the IARAF highlighted the good performance of export duties “whose real growth was 28.7% real.” “A constant contribution throughout the year, the result of quantities and international price effect,” said the entity. Withholdings generated $ 68,674 million, with a nominal 95.4% increase. On the other hand, import duties and the Statistical Tax contributed $ 35,777 million, with an increase of 71.8% nominal and 13.1% real. Other taxes related to foreign trade showed income of $ 60,933 million and a nominal increase of 354% (199% real).
Dynamic
Regarding Social Security, Employer Contributions had inflows of $ 125,246 million, with a nominal improvement of 69.2% (11.4% real), while Personal Contributions totaled $ 87,516 million, with a growth of 66.9% compared to November last year (6% real).
“With the dynamics of November, the total accumulated tax collection in the 11 months of the year was located above the prendemic levels, that is to say 2019”, highlighted the IARAF. The entity estimated that the increase was 2.3% with regarding that year. And it was positioned 3% below the maximum collection obtained in 2017. “For its part, the total collection without accumulated Social Security, this year registered the highest level of the last 6 years. The actual amount collected exceeded by 5.3% the maximum level obtained in 2018 ”, highlighted the IARAF.
Source From: Ambito
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