The abrupt decrease in the revenue of the treasury has to do with the High comparison floor that remained last year. As remembered, in the fifth month of the year, the companies that close balance in December pay for profit pay. In 2024 the effect of the devaluation of December 2023 was computed in the balance sheets.- Companies had dollarized assets waiting for the dollar jump.
Data on Automatic shipments to the provinces that met last Friday, which marked a fall in co -participation 23.3% compared to last yearthey already anticipated that the result of the national collection had been affected by profits
Beyond that point to take into account, taxpayers also warn that Value Added Tax (VAT) also shows poor results, still compared to a period last year of low economic activity.
In this regard, the Argentine Institute of Fiscal Analysis (Iaraf) warned that taking away the income tax in effect “There is a real year -on -year decrease of 2.4%” of the rest of the collection.
Arca explained that the result was also due to “EPAIS SOLIDARY TAX LIMINATION, Last year, $ 563,100 million had been raised “already” the decrease in Tariffs on export rights, for those exporters who comply with the period established for currency settlementas stipulated by Decree 38/2025 “.
In addition, the collecting agency indicated that the decrease in resources is due to “the repeal from March 2025 of the suspension of exclusion certificates, which negatively influenced the collection of customs perceptions in VAT and profits” already “ Reduction of import and internal tax tariffs for certain technological and electronic products as of May 20 “.
In the case of VAT The collection rose 3% year -on -year with a total of $ 4.4 billion. There are as many issues that favor collection as they remain, in the case of this tax. But it must be taken into account that last year it was low activity at the start due to devaluation. It should be remembered that May’s collection It reflects the billing of April, and that month of 2024 had not yet begun to register the recovery.
For its side, the Profit tax managed to raise $ 4.4 billion with a nominal fall of 13.3% and a real of the order of 39% compared to May 2024.
Instead, the Check tax recorded a total of $ 1.1 billion with a nominal rise of 76%, well above what is accumulated inflation of the period (44%) which would reflect the effect of greater activity. “In May 2024 the last expiration of that month had been extended towards May 31, sos pending income of the same were accredited in June, “the agency explained.
On the other hand, income from Social Security increased 64.1%reaching $ 36 billion, due to Increase in average gross remuneration.
Another delicate element of the government scheme that affects collection is that it does not encourage exports. For example, the official information indicates that last month they were collected by Withholdings a total of $ 594,550 million, which marked a nominal drop of 7.5%, indicating a real decrease of 35.9%. On the other hand, $ 465,294 million were collected due to import tariffs, which implied a 72% nominal rise and one real rise of 19.3%
On the other hand, in Personal goods were reached $ 39,848 million with an interannual variation of 61.5%. In it Fuel Tax entered $ 376,026 million With an interannual variation of 99.1%
Source: Ambito
