It totaled $7,249,314 million, AFIP reported, which represents a interannual variation of 240.9%, well below inflation in that period.
The collection of Tax Resources plummeted in February in real termstotaling $7.2 billion, AFIP reported, which represents a interannual variation of 240.9%, well below inflation in that period. The decrease in resources would be around 11% real year-on-year, discounting inflation, and is due to the poor performance of Income Tax and VAT which are the two pillars of the system.
In fact, the sharp increases in collection of taxes related to foreign tradesuch as withholdings and the PAIS Tax they could not compensate for the income losses of those related to domestic trade.
In the case of Value Added Tax revenues totaled $2.67 billion, with a nominal increase of 286.5%. That represents a slight improvement of a real point. But if you analyze its componentVAT taxrelated to the billing of the internal market shows a real drop of 17%, discounted inflation, which is compensated by a very significant rise in the cCustoms component of 41% real. In the first case the income is $1.74 billion and in the second $945,779 million.
The VAT collection is a snapshot of the previous month’s billing. In this case, January, a month of low activity in general, but which had already been showing sharp falls in consumption. The situation worsened in February, so it is very It is likely that the VAT in the tax collection will also be negative.
In relation to Income Tax, According to AFIP, it presented a positive interannual variation of 134.5%, with a collection of $1.09 billion. That implied a decrease of 38.6% in real terms, by eliminating the inflationary effect. In February, the expiration of the fourth advance payment for human persons was registered, for the fiscal period 2023. The drop is due to the tax changes made at the end of 2023, by which employees were almost completely eliminated from the base. “The implementation of the Cedular Tax on high incomes that has a non-taxable minimum equivalent to 15 vital and mobile minimum wages and a new scale,” the organization explained.
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Source: Ambito
