National tax collection in April reached 187.949 billion pesos, 24,6 percent more than in the same month last year, with a strong impact of the Value Added Tax (VAT) that exceeded the performance it had seen since the beginning of 2017.
According to the Federal Public Revenue Administration (AFIP), the income obtained from the Income Tax was 29.604 billion pesos, which marks a decline that has been observed since the beginning of the year, when the reforms ordered by the national Government on salaries began to be applied.
The Net VAT revenue VAT amounted to 60.100 billion pesos with an interannual variation of 25,6, constituting the highest value in the series, surpassing the mark reached in January 2017 of 58.546 billion. VAT is directly linked to the level of economic activity. Meanwhile, the collection of the tax on bank debits and credits (checks) totaled 12.677 billion pesos, with an interannual variation of 21,6 percent.
Social Security
Another important fact is that The collection of concepts linked to social security rose again, which confirms a trend that has been occurring since January and which marks the moment of employment.
In this sense, funds were collected 55.537 million pesos, 33,5 percent more than in April last year and three billion more than in March.
Falling retentions
The Import and export duties ultimately contributed 4.738 billion pesos and mark the weak moment that Argentina's external front is going through, with a sharp drop in export revenue (withholdings) of -29,2 percent, possibly due to the fall in prices of the main grains.
Import taxes amounted to 4.785 billion pesos, 3,8 percent more. Export taxes amounted to 9.054 billion.
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