Argentina seeks tax advance for about 1,860 million dollars

The Government of Argentina will soon publish a fiscal resolution by which it will seek the advance of the income tax of companies benefited by the external context, a mechanism through which it is expected to collect about 250,000 million pesos (about 1,860 million dollars), according to an official source.
“Surely this Tuesday the decision will be published in the official gazette, which only includes companies that obtained extra economic benefits as a result of the external situation with the war in Ukraine,” a spokesman for the Ministry of Economy told Reuters.
He added that the resolution, which will include 2,000 companies and that due to the increase in global prices of raw materials they invoiced more than expected, already has the approval of the Federal Administration of Public Revenue (AFIP).
In the midst of a deep economic crisis and differences within the ruling coalition, the new head of the Treasury Palace seeks to order public accounts by reducing spending and increasing tax collection.
Sergio Massa took control of the economy 10 days ago with annualized inflation projected at 90%, exchange rate pressure and flight of reserves from the coffers of the central bank (BCRA).
The former head of the Chamber of Deputies is known for his capacity for dialogue and in this context a new meeting with the agricultural sector is expected to seek incentives to liquidate cereal exports that inject fresh dollars.

Exchange rate: 1 dollar = 134.60 Argentine pesos

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Original source in Spanish

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