August tax collections reached $458.494,6 million, with a year-on-year increase of 56,3%, reported this Monday (02.09.2019) the Federal Administration of Public Revenue (AFIP).
El Net VAT grew up 44,1%; in particular, VAT increased by 49,2% and customs duties by 40,9%.
El income tax showed a growth of 49,5%It should be noted that last month the first advance payment from individuals and the third from companies with the closing of December, for the fiscal period 2019, took place. At the same time, the result was attenuated by the reduction of the tax rate for companies from 35% to 30% contemplated in the tax reform.
Income from the tax on debits and credits in current account grew by 53,8%.
Collection of Social Security System increased the 39,5%, an increase that was moderated by the effect of the tax reform based on the convergence to the unification of the rate and the increase in the non-taxable minimum.
In foreign trade, the Export duties rose 519,4%On the one hand, the result was strengthened by the rise in the exchange rate and by additional export duties; on the other hand, it was affected by the fall in average prices of the soybean complex and by one less business day of collection compared to the same month last year.
Meanwhile, Import Duties They presented an increase of 51,4%.
En Personal property The increase was 215,5%, since last month the first advance payment for the 2019 fiscal period was received.
Meanwhile, in fuels The increase was 26,3%.
Aduana News is the first Argentine customs newspaper to launch its digital version. With 20 years of experience, its publications and initiatives aim to provide the most relevant knowledge on customs issues in order to contribute to safe trade in the region.
