Due to deteriorating tax accounts and a sharp drop in export earnings, the AFIP has begun to evaluate controls on silobolsas and fiscal measures to recover income under a master plan that also includes greater control of VAT and Profits. The suspicion is that the company can store cereals looking forward to a new soybean dollar which allows them to get a better exchange rate.
“We are studying what to do with silobags that have a lot of accumulation and can last up to three years, are pressure to be more profitable“, stressed agency sources, without specifying details. And they added:”There is speculation, there is no drop in collectionbut about export duties and let’s see whatand is speculated with pressure to get a new soy dollar.”
According to private estimates, with the latest official data published in February, sold 36 million tons of soybeans from a 43.3 million harvest tons. Not all of that else is sold, but if it were, each ton is valued at $89,900 in the Port of Rosario, which would make a security worth US$3,200 million.
Without specifying the numbers, the organization chaired by Carlos Castagneto ensure that they have detected through satellite systems “silobags everywhere”. And now they do not rule out advancing with measures “similar” to the one adopted last October, when prepaid income taxwhich made it possible to raise 230,000 million dollars in four months among 2,000 companies.
The AFIP has just suspended the payment of the IRPEF advance for those producers covered by the emergency due to the drought. The Ministry of Economy has also granted compensation to the producers. But in the offices of the collection agency they ensure that the collapse of the harvest is due to the advance of exports in December and the end of the soybean dollar.
In February, tax collections were $2.1 trillion, a figure that implies an 82.3% increase over the same month last year, below 98.8% inflation over the same period . Regard a real drop of 9.5%. yoy Without the foreign trade component, real growth would be 3.2%, according to the Argentine Tax Institute (IARAF).
The measures that the AFIP considers occur amid scrambles to build up reserves and negotiation with the IMF to loosen targets. Agriculture’s foreign exchange settlement fell 70% from last year in February, and the central bank sold $1.1 billion on the year, so net reserves would have dropped to $3 billion, according to calculations private.
NEITHER
Source: Clarin
