The collection of the Income Tax and the VAT will generate strong income for the nation and the provinces in March. The economic recovery and the low comparison floor will give good news to the government.
The government is going to to be able to show in the next week that the fiscal anchor remains firm Despite the setbacks generated by the exchange rate in the second half of March. And is that the Tax collection walked along a parallel path without flinching.
With only a preliminary fact of 16 business days of March, according to data from the Ministry of Economy, the collection of the Value Added Tax (VAT) records a real 50% increase with respect to in the same period of March 2024. the sum of the Profit and VAT Tax marks an improvement of 55%, at least in that period.
It should be borne in mind that on the end of the month in recent days there are new income that usually alter the final result. For example, They still subtracted the income income of the fourth category that beat between March 21 and 26.
But that, strictly It would not alter the final result. An advance of this is known from the funds sent to the provinces by Federal Copartition. The data will be on Monday, as they close daily.
More funds for the provinces
In that sense, it is predictable that The provinces and the city of Buenos Aires register a considerable increase in automatic allocation funds. Similarly, CABA will have an important rise for the precautionary court that forces the Nation to restore the money that Alberto Fernández had cut him to give the province of Buenos Aires. Although it is sent as non -automatic funds, its estimate is made based on percentages on the collection of co -participate.
It should be remembered that the tax on Gains and VAT They are the two main taxes that are distributed with the provinces. 56% remains for subnationals and 44% for the nation.
How to replace the country tax
This year, the government needs that Its portion plus the other taxes added grow above 5% real In order to replace what the country tax produced and the data indicate that it would be achieving, according to IARAF estimates.
Moving a pegoraro, economist from Politikon Chacohe pointed to Scope In relation to VAT collection that “the base of comparison is very low because in March 2024 registered a 16% drop so that “the rebound starts from a historical floor.” “We are entering a stage where interannual comparisons are highly misleading “he explained.
Source: Ambito
