The Federal Administrator of Public Revenues, Leandro Cuccioli, announced this Monday (02.12.2019) in his usual press conference, that the tax resources totaled $464.860 billion in November and rose 58,2% in nominal terms compared to the result of a year earlier.
Among the biggest increases is the tax on Debits and Credits in the current account which was $35.769 million, which represents an increase of 51,8%.
El IVA Net income reached $142.641,9 million this month, which represents an increase of 47,4%. The VAT tax increased by 43,5% and the customs tax increased by 67,4%.
Collection of the Tax on Earnings increased year-on-year 35,5%This month, the payment of the balance of the sworn declaration of companies with a fiscal year-end in June expired, which is the second most important after the December closing.
In addition, it was affected by approximately $2.600 billion by the reduction of corporate tax from 35% to 30%, and the increase in the non-taxable minimum for employees in an employment relationship by approximately $9.200 billion.
In taxes on the Social Securityl, the collection increased 42,1%The variation was influenced by the increase in average gross remuneration by 51,5%.
This item was affected by the unification of the tax rate and the increase in the Non-Taxable Minimum established by the Tax Reform, which went from $2.400 billion in 2018 to $7.003 billion this year in general terms.
In foreign trade, the Export Duties totaled $53.763,5 million, which means an increase of 265,4% due to the rise in the exchange rate and the increase in advance payments of the traditional Export Duty.
Meanwhile, the Import Duties totaled $16.328 million, representing an increase of 81%.
The collection of Personal property increase 143,6%There were no maturities during November.
In the case of fuels, revenues grew by 67%.
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