Tax revenues rose 23,8% year-on-year in July, driven by a significant boost from VAT and the tax on current account debits and credits.
How much did the collection increase?
Total.Tax resources amounted to $ 293.894 million last month.
In particular, the following is detailed:
IVA.Regarding net VAT, there was an increase of 42,4%, with a 32,9% increase in tax VAT and a 68,2% increase in customs VAT.
The sectors that presented the best results in gross VAT were industry manufacturing (41,9%) and the trade (53,8%).
EarningsMeanwhile, income from Earnings showed an increase of 17,7%The increase was moderate because the first advance payment for individuals, which took place in July in 2017, will be made in August this year. Also, due to the effect of the increase in the scales and personal deductions for the 2018 fiscal period.
Debits and credits. For its part, the tax on debits and credits in current accounts rose 23,6% last month, which had two fewer working days than the same month last year. Without that difference, the collection of this tax would have increased by 36,6%.
Security Collection in the social security system increased by 21,2%, driven by the increase in the average gross salary (23,9%) and the first installment of the Christmas bonus.
Foreign tradeIn foreign trade, the rights of Imports grew by 66,9%, due to the increase in the exchange rate. Export duties decreased by 6,8% due to the decrease in export volumes and the program of progressive reduction of export duties for the soybean complex.
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What about embargoes?
On the other hand, the federal administrator, Leandro Cuccioli, highlighted the changes in the system of embargoes: “Since last month, taxpayers can lift these embargoes with the money retained in their accounts, instead of having to resort to third-party funds.” With this modality, they have already been lifted. 1300 embargoes.
Will there be a new payment facility?
In addition, starting this month, a new proactive collection system will be implemented that will provide you with “more air” for SMEs with tax debts. In this regard, Cuccioli stressed that "they will be given 60 days before being seized." During this period, the AFIP will send early debt warnings and will offer payment plans to those taxpayers who are in arrears on their obligations.
Tax relief?
Regarding the payment facility plans implemented in July, Cuccioli mentioned that 66% were used "fora to quota debt corrients".For this reason, these taxpayers will be provided with tax assistance to regularize previous debts as of June 30, 2018. The plan will have a maximum of 4 years in the Making (48 installments), with the requirement of an advance payment of 5 to 10 percent of the debt.
"We believe that with this flexibility we are providing a solution to a large universe of taxpayers," concluded the federal administrator.
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