Revenue from buenos Aires province revenue reached $43.599 million in September, with a nominal ups 23.6% compared to last year. While that growth is still below inflation, “the revenue continues on a gradual path of recovery, showing us that the most critical months have passed,” said Cristian Girard, ARBA’s director.
In addition, he argued that in the last quarter of the year “we need to see how the evolution of the collection of property taxes follows, given that by the pandemic we had modified the original maturities so that taxpayers could access the discounts for payment in term.”
“Beyond the particularities of each activity, and variations in the level of sales of different sectors, there is an incipient revival of the economy that we hope will be consolidated from the active policies being developed by the Nation and the Province,” Girard. , shops and other taxpayers, gross income tax totaled $29.652 million in September, with a nominal increase of 20% compared to 2019. Stamps entered the last month $3.557 million, representing a nominal 28% year-on-year high. This development reflects the recovery of the automotive market and the increased use of credit card as a payment instrument.
For its part, as a tax on motor vehicles and sports boats, $5.161 million was raised in September, implying an increase of 42.1%. Meanwhile, all Real Estate plants totaled $4,516 million, up 47.9% from 2019. Payment plans totaled $646 million and other tax revenue contributed $68 million. In this way, variations in the collection of Automotive and Real Estate are mainly motivated by the modifications that ARBA implemented in this year’s maturity schedule, to extend payment terms and enable taxpayers to obtain the benefits for good compliance.
Finally, in the January-September period of this year, Gross Revenue totaled $239.365 million, an increase of 29.8%; while Stamps contributed $24.52 billion, with a 14.5% raise. For its part, the Real Estate Tax added $32,712 million, with growth of 34.3%; Motor vehicles and sports boats raised $28,148 million, an increase of 5.8%; regularization plans provided $6.53 billion and other tax revenue added $317 million. In this way, the collection of the province of Buenos Aires accumulated in the nine months after 2020 a total of $331,592 million, representing an increase of 24.2% compared to 2019.
