Tax collection in April amounted to 1.341.595 million pesos, an increase of 64% year-on-year, thanks to the increase in resources from Social Security, Income Tax and VAT, according to the Ministry of Economy.
"This dynamic placed the level of income corresponding to the first four months of 2022 above that recorded in the same period of the previous year," 60,2% year-on-year, detailed the Treasury Palace.
The factors that explain the expansion of Social Security resources (+72,1% ia), were salary improvements and the recovery of registered employment.
Furthermore, Income tax recorded an 82% growth ia
The increase in earnings "is due to the effect of the reforms implemented in 2021, to alleviate the tax burden on employees," the official statement said.
The increase "was the result of improvements in the labour market and sustained growth in economic activity."
Regarding the Personal Property Tax, an increase of 5,3% was recorded ia, affected by a high comparison base.
Taxes that are more closely related to economic activity also contributed to explaining the growth in national tax collection.
Within this group are: VAT, with $423.795 million and an increase of 69% ia the Tax on Credits and Debits, with $93.996 million and an increase of 64,2% i and the fuel tax $30.195 million and a 9,8% increase ia
Foreign trade taxes show a growth of +33,4% The main concept that explains growth is Import duties and statistical tax, which together recorded an increase of 67,6% ia
At the same time, Export duties, with $97.229 million, grew by 21,9% ia, affected by several factors. On the one hand, the impact was the advance of the registration of operations between February and the first half of March. At the same time, there was a cargo transport strike and a union conflict in the ports that affected the normal activity of the agricultural export sector.
Source: Telam
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