Tax collection grew 46,6% year-on-year in January, bringing the total to XNUMX million Five consecutive months of variation above inflation and also registered an acceleration compared to the December figure, according to the Ministry of Economy. The trend indicates “a continuation of the strengthening of public finances in a context of recovery of economic activity,” the ministry's statement said.
"The rise was partly influenced by extraordinary revenues from export duties, while taxes associated with the domestic market and the Law of Social Solidarity and Productive Reactivation continue to show levels above inflation," the statement details.
Foreign trade
Thus, taxes associated with foreign trade registered an increase of 102,3% year-on-year, where more than half of The increase is explained by export duties (231,2%)According to the Ministry of Economy, two factors came together: on the one hand, the improvement in the international price of grains and oilseeds, which resulted in better export prices. And on the other, the strike in port areas during last December for several weeks. “Given the consequent difficulty of exporting that month, a number of sworn declarations were accumulated which became effective in January, generating a positive effect on the collection,” explained the Ministry of Finance.
Internal taxes
Regarding taxes linked to the domestic market, the collection advanced 40,3% compared to the same month in 2020.
El Income Tax grew 55,5% year-on-year, while the tax on Fuels It did so by 61,9%. It should be noted that the tax on Credits and Debits The Current Account recorded the highest growth observed since March with 34,6%.
As for the main taxes covered by the Solidarity Law, the boost in tax collection Personal property marked a year-on-year variation of 550%, while the COUNTRY tax, The tax that taxes purchases or consumption in dollars at a rate of 30% rose by 162% compared to January 2020, the first month of validity of the tax established in that law.
Finally, the taxes associated with the social Security registered a rise of 24,7%, explained by the behavior of Personal Contributions and Employer Contributions of 26,8% and 25,1% respectively. “With regard to the latter, the continuity of the measures to reduce rates for the health sector continues to influence the dynamics of said tax,” concluded the statement from the economic portfolio.
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.
