November tax collection amounted to $ 1.953.860 millionIn nominal terms, the increase was 88,8%, below the accumulated inflation in the period, according to the Federal Public Revenue Administration (AFIP).
With just one month left to finish 2022, tax collection for the first eleven months of the year marked a cumulative $17,68 billions, with a year-on-year variation of 79,9%.
"In this way, tax revenues for the year grew above the general variation in prices," the statement said.
The most relevant taxes in the tax structure were those that boosted revenue collection in November, among which the following stood out: Earnings (128,3%), VAT (96,4%), Social Security (94,9%) and Credits and debits (92,2%), which grew above the average.
As in October, the contribution of Profits was increased by the component that reaches the Companies that generated the income of $ 75.573 million. "Here the second installment of the extraordinary payment on account arranged for one time only for companies that have had "an additional benefit due to the international economic context (post pandemic and war conflict in Eastern Europe)" influenced," it states.
In November, the performance of tax collection also stood out. IVA (net of returns), with a year-on-year variation of 96.4%a increase of 113,2% in the amount obtained by the DGI and 65,7% in Customs. "As the DGI VAT is a leading indicator of the level of activity, this performance allows us to predict an economy that maintains good growth rates," he said.
On the other hand, the collection of the System of Social security increased by 94,9%. The year-on-year variation was influenced by the increase in average gross wages (which had an interannual increase of 82,6%) and the number of jobs, which increased by 3,8%.
In November, the collection for the Export duties fell by 34,8%, for an amount of 51.300 billion pesos, due to the advance sales of soybeans and their derivatives during September, when the first stage of the Export Increase Program (PIE) was implemented, which at that time established a differential exchange rate of $200 per dollar for the soybean complex.
While the income from Import Duties slightly exceeded 67.100 billion pesos, which marked a year-on-year increase of 87,8%, the statement said.
The so-called check tax, for its part, saw revenues increase by 92,2% year-on-year, totalling 138.700 billion.
And the COUNTRY tax, for the purchase of dollars for hoarding, reflected an increase of 83,7%, exceeding 28.100 billion. (Press release)
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