Martin Guzman, Minister of Economy.
The collection expanded in April 64% year-on-year, more than year-on-year inflation, close to 60%. The taxes that have grown the most are the sources of Social Security, Income Tax and VAT.
In the quarter,the increase was 60.2% year-on-yearl. As detailed from the Ministry of Economy, the factors explaining the expansion of Social Security resources (with an increase of 72.1%), are salary improvements and recovery of registered employment. In addition, Income Tax registered a growth of 82% from one year to another.
“The increase in Revenues is happening even under the impact of reforms implemented in 2021 to alleviate the tax burden of workers in a dependency relationship. The increase is a result of improvements registered in the labor market and the continued growth of economic activity “said the official statement.
Regarding Personal Assets tax, it is recorded an increase of 5.3% compared to April 2020, affected by high basis of comparison.
“Taxes more related to economic activity also contributed to explain the growth of the national collection,” they lifted from the portfolio managed by Martín Guzmán. Within this group are VAT (with an increase of 69.0%), Tax on Credits and Debits (64.2%), Shared Internal Tax (33.0%) and Tax on Liquid Fuels (9.8%).
Shows foreign trade taxes a growth of 33.4% compared to last year. The main concept explaining the growth was Import Duties and the statistical rate, which together registered an increase of 67.6%.
In turn, export duties grew by 21.9%, which was affected by various factors. On the one hand, the promotion of the register of operations between February and the first two weeks of March has an impact. At the same time, there were cargo transport strikes and union disputes in the ports that affected the normal activity of the agricultural export sector.
AQ
Source: Clarin
