translated from Spanish: June tax collection grew 69% and added revenues of $922.853 billion

The tax collection of June amounted to $ 922,853 million, with a year-on-year growth of 69%, above the increase recorded by inflation in the same period, reported this afternoon the Ministry of Economy.In the first half, the accumulated collection amounted to 4 billion 856,528 million pesos, a level similar to the stage of prepandemia, despite the extension of certain maturities and the slowdown of resources in recent months as a result of the containment measures carried out after the irruption of the second wave of Covid.

THE COLLECTION OF THE FIRST SEMESTER IS LOCATED AT PRE-PANDEMIC LEVELSRecorded in June a growth of 7% compared to the month of May, marking a positive real increase in public revenues. More info — Ministry of Economy (@Economia_Ar)
July 1, 2021

From the Economy Ministry stressed that the improvement in June was driven by taxes that respond to economic activity (+ 81.2% year-on-year), the Fuel Tax (+120.6% i.a.), VAT (+85.0% i.a.), Internal Taxes (+31.5% i.a.) and the Tax on Credits and Debits (+73.6% i.a.), although the latter continues to be affected by the exemption to the Health sector.In this context, taxes related to international trade recorded the largest increases, as a result of the higher prices of agricultural products, and the increase in the exchange rate. Thus, the VAT charged by Customs increased 121% to $109,030 million; since export duties grew 138%, with revenues of $86,236 million and while import taxes increased 114%, with 31,951 million.

Original source in Spanish

Related Posts

Add Comment