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Collection increased in real terms in May thanks to Profits, with a total of $13.3 billion

Collection increased in real terms in May thanks to Profits, with a total of $13.3 billion

This is the first positive result so far this year with an increase of 320%, above inflation. Thanks to the payment of companies, the Income Tax grew 585%

The collection of taxes recorded the best result of 2024 in May, totaling almost $13.4 trillion which marked an increase in 320% compared to the same period last year, reported the Federal Administration of Public Revenues (AFIP).

The substantial improvementabove the inflation elapsed over the last 12 months, was due to the extraordinary result of the Income Tax, which had a nominal increase of 585%as a product of the liquidation of the annual balance of the companies.

It’s about a extraordinary result originating from the December devaluation that it generated for companies that had dollarized assets an unusual return on capital. As Ambito had indicated, the increase in Profits will allow him to the Minister of Economy, Luis Caputo, to ensure another month with a financial fiscal surplus.

Along with this, there is also a strong improvement in that produced by el COUNTRY Taxwhich last month contributed $563,100 million, with an increase of $1,239.3% compared to the same period last year

News in development

Source: Ambito

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