Buenos Aires tax collection grew 60.4% in November and exceeded $ 77,000 million

Buenos Aires tax collection grew 60.4% in November and exceeded $ 77,000 million

“We continue to notice the positive impact on the collection of taxes most linked to the activity, which reflects the growing dynamism experienced by the local economy,” said the executive director of ARBA, Cristian Girard.

In addition, he highlighted that “the tax administration measures implemented in recent months in order to promote recovery had positive effects on the sectors most affected by the pandemic crisis, especially those that most needed the presence of the State” .

During November, Tax on Gross Income totaled $ 60,270.9 million and increased 87.1%, supported by a growing level of sales.

Measured in real terms, this year-on-year increase was around 37.1%, if the evolution of the general level of inflation (52%) is taken into account. The reactivation also had an impact on the stamp tax, which collected $ 6,756 million in November, with an increase of 50% year-on-year.

According to a report from the Sub-Directorate of Collection and Cadastre, “the economic recovery is accompanied by ARBA by a set of tax administration measures that were implemented during the last year and that contributed to gradually normalize the situation of the taxpayers of the Province.”

“This responds to the 2020 and 2021 tax laws, which were aimed at improving progressivity, but it is fundamentally the result of the reconfiguration of taxation and tax evasion that was carried out, which began to focus on sectors with greater capacity. contributory, which allowed to recover $ 1,570.5 million, “said the agency.

For the Real Estate tax, $ 6,012 million were collected in October; that imply an interannual increase of 26.3%; while Automotive and Sports Boats contributed $ 1,944 million, which means a retraction of 62.6%.

Regarding the regularization plans, the collection for this concept reached $ 1,943 million, with a year-on-year increase of 67.9%. In the period January-November 2021, the revenues of the province of Buenos Aires totaled $ 717,827 million, which represents a rise of 70.5% compared to the same period last year.

Gross Income totaled $ 518,074 million, which means an interannual increase of 71.1%; while Sellos contributed $ 60,476 million, with an increase of 84.2%.

Real Estate totaled $ 61,908 million, with a growth of 51.6%; for Automotive and Sport Boats, $ 56,812 million were collected, with an increase of 60.8%; regularization plans provided $ 19,009 million, with a rise of 123.8%; and other tax revenues added $ 1,548 million.

Source From: Ambito

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