The Ministry of Economy reported that in December the collection was $ 1,179,890 million, 73.6% more than in the same month last year, in nominal terms. For its part, in the accumulated of 2021 the National State obtained $ 11,004,880 million, which represented an advance of 65.9% compared to 2020, equivalent to an improvement of almost 12% in real terms. In this way, most of the annual collection (29.5%) corresponded to VAT, a tax that showed an annual nominal improvement of 70.2% (14.5% real). The data reflected the recovery of economic activity after the health restrictions due to Covid-19 that hit all the economies of the world during the previous year.
For its part, Earnings was in second place, representing 21.3% of state resources and showing an increase of 59.9% (8% real) compared to 2020. It is worth remembering that in the middle of last year Congress approved a bill promoted by the Head of the Chamber of Deputies, Sergio Massa, to raise the non-taxable minimum and “alleviate the tax burden of workers in a relationship of dependency.” The main increase was verified in Export Duties (known as “withholdings”), a tax that showed a jump of 148.5% (69.7% real) as a result of a significant rise in the price of commodities and record export levels of the last decade. This source of income accounted for 8.8% of the total. At the same time, the collection of December was mainly driven by the increase in foreign trade taxes and Social Security resources.
Regarding the latter, from Economy remarked that it occurred “due to the process of recovery of wages after the different parity agreements and the recovery of registered employment.” In 2021, between personal contributions and employer contributions, they accounted for more than 20% of the collection, with increases of 53.2% (2.8% real) and 57.2% (5.5% real), respectively.
“The collection of December reached for the same period the maximum value at constant prices of the last four years (2017-2021), placing the accumulated collection at the end of the year at levels higher than those of pre-pandemic,” they said in the Treasury.
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