Tax collection in June totaled $545.962,8 million, with an increase of 20,1% compared to the same month last year, the Federal Public Revenue Administration (AFIP) reported this Thursday (02.07.2020/XNUMX/XNUMX).
Thus, throughout the first half of 2020, tax revenues totaled $2,8 trillion, with an increase of 26,7% year-on-year.
"The transition from social isolation to social distancing, which rehabilitated production and trade in part of the country, mitigated the effect of the drop in the level of activity on tax collection in June," the AFIP said in a statement.
El Value Added Tax (VAT) generated revenues of $141.482,0 million, with a nominal increase of just 11% compared to the same month in 2019. The agency noted that tax collection continues to be affected by the lower dynamism of economic activity associated with the mandatory quarantine, although "the transition to a stage of social distancing, preventive and mandatory in much of the country made it possible to mitigate this effect."
“The increased use of Payment Facility Plans for overdue obligations also had an impact on VAT tax revenues. This increase is explained, in part, by the various measures implemented by AFIP to alleviate the situation of small and medium-sized companies,” the agency added.
While the collection of the Tax on Earnings In June, the total amount of the tax reached $150.240,7 million, an increase of 9,8% compared to the same month in 2019. “Among the factors that mitigated the collection of this tax, the extension until the end of July for individuals to file their tax returns and pay the balances corresponding to the 2019 fiscal period stands out,” AFIP highlighted.
Tax resources linked to the tax system Social Securityl increased by 22,4% in twelve months, raising a total of $112.749,2 million last month. Employer contributions amounted to $65.271,2 million with an interannual variation of 23,9%, while employer contributions generated income of $44.938,1 million and increased by 19,1% in the same period.
“Tax revenues associated with the labor market were affected by tax policy measures designed to cushion the economic impact of the coronavirus pandemic on employment and wage income,” the tax collection agency said.
He added: “Among the tools implemented in May, the two-month extension of the SIPA component of employer contributions and the reduction in the rate stand out. In the year-on-year comparison, the greater adoption of Payment Facility Plans for obligations due in the month also had a negative impact.”
During the sixth month of validity of the tax COUNTRY $14.115,9 million in revenue was generated. The amount collected by the new tax throughout 2020 is $47.705 million.
While the collection associated with the export duties reached $36.153,8 million in June, with an increase of 28,1% compared to the same period of the previous year. Meanwhile, due to the Import duties and statistics fee $14.877,0 million was raised, with a year-on-year increase of 13,7%.
Likewise, the tax on credits and debits collected $33.860 billion, 23,9% more than in June 2019 and a cumulative total of $201.663 billion in the first half of the year, 33,3% more than last year.
Finally, the collection of personal property was $25.002,1 million, a variation of 291,6% in relation to the same period of the previous year. “During June, payments corresponding to the maturities for holding shares and corporate interests were received. The increase in the rate provided for in the Law of Social Solidarity and Productive Reactivation also had a positive impact,” said the AFIP.
He concluded: “Likewise, the year-on-year variation was attenuated, among other factors, by the extension of the deadline for the presentation and payment of the sworn declaration of natural persons for the fiscal period 2019, and the greater acceptance of payment facility plans for obligations due in the month.”
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