The collection of the main tax charged by the provincesGross income, 17.5% real fell in March compared to the same period last year; fact that can generate complications to the intentions of the administration of Javier Milei to make the governors a part of the collection of the value added tax (VAT).
The data correspond to the consultant Politikon Chaco, which states that between January and March that tax stopped contributing 9.6% Regarding the same period last year.
By explaining the causes of the fall, the owner of the company, Alejandro Pegoraro, He explained that the scenario of each province is very different and therefore there are different causes that can affect income, but clarifies that “the point in common” between all is the “decreases consumption, increased irregularity and disinflation. ”
Especially when prices slowly implies that the provinces raised in relative terms more last year than now, because prices were higher. It is the opposite effect that is generated when inflation rises.
It should be remembered that the Gross Income Tax is a tribute to billing and for its collection power it runs in parallel to prices, but it is also very sensitive to informality.
Main income, in fall
“Gross income tax is the main tribute in terms of collection of subnational jurisdictions: $ 6.5 total collection billion in the consolidated (78.9% of the total) although its relative performance was negative: 9.6% fell Regarding the same period of 2024, ”says Politikon.
The report adds that “this tax presents negative variations in a sustained way since April 2024, without even achieving a recovery at the beginning of the current year. ”
“But aggravating that panoramathe falls are more significant with the passing of the months of the year, close to -20% particularly for March, ”he says.
In December 2024 The contraction was 0.8%; in January, 5.2%; February 6.1% and in March it deepened 17.6%. That margin of fall is similar to that in October and July 2024, when the decrease was 18.3%.
In individual performances by district, gross income He had increases in the minority of the districts: there were eight, with La Rioja, Formosa and Tierra del Fuego at the head presenting double digit growth. Among the jurisdictions With descents, those of Salta, Buenos Aires and CABA stand out, unique in showed double digit.
The look from the provinces
In that sense, Santa Fe Economy Minister, Pablo Olivares, He explained to the scope that the decrease of gross income resources in large districts, is because there is a recovery of the activity, there are sectors that are going up that they are exempt, such as the field in large provinces. “In the case of trade it is still down and does not recover and In addition, it cannot be ruled out that there is some increase in informality, ”explained the Santa Fe official.
The official does not rule out that this scenario can complicate the discussion of the tax reform raised by the Government by the end of the year, which pretends that gross income disappears and is replaced by a provincial VAT. “For now there is nothing official,” he said, warning that Casa Rosada still did not put the discussion on the table. Olivares consider that the changes that Luis Caputo raises so that the provinces compete with each other offering lower taxes “It can’t be done suddenly.” He also observes that “there are provinces that could not have a provincial VAT because the aliquot would have to be very high.”
Beyond that, the Santa Fe official raised repairs to an initiative that as it transpired, would be promoting the Treasury palace to eliminate Sircreb, which makes banks agents for retention of gross income.
The system of Collection and control of bank accreditationshighly denosted by counters and tributarians, allows the provinces to charge the tax in advance, before the final liquidation.
Olivares understands that if Sircreb would eliminate the provinces would be weak position to negotiate the tax reform promoted by the Government of Javier Milei. However, he considers that the problem that the provinces have to solve “are the jumps in favor” that remain for taxpayers, who pay more and cannot compensate with other taxes, or do not receive money back.
Other provincial taxes recover
Tax collection Seals totaled a collection for $ 0.7 billion In the first quarter of the year (8.9% of the total) and presented a consolidated rise of 60% interannual, which indicates that it is the best performance in the period. In the first four months of 2024 he exhibited real real decreases of 32%.
For its side, The real estate tax represented 5.6% of the collection, totaling $ 0.5 billion in the period, Presenting a real increase of 1% year -on -year, although it shows volatile performance in recent times, with important falls in the early 2024, strong recovery towards the end of that year and a start of 2025 alternating rises and low, although the strong specific increase in March of the current allowed him to close the quarter with positive variation.
Source: Ambito
