HomeTaxTax collection increased 11,6% year-on-year in April

Tax collection increased 11,6% year-on-year in April

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Tax collection in April reached $ 398.658,7 million, which meant an increase of 11,6% compared to the same month last year, reported this Tuesday (05.05.2020) the Federal Public Revenue Administration (AFIP) through a statement.

In it, he specified that throughout the first four months, tax revenues rose to $1,8 billion, that is, an increase of 33,4% year-on-year.

The AFIP explained that tax collection "was affected by the drop in the level of activity associated with preventive and mandatory social isolation«.

«The effect of the measures implemented since mid-March to prevent the spread of the coronavirus and minimize the risk of contagion among the population was added to the limitations imposed on tax collection by the economic decline that has been dragging on since last year. stressed the organization led by Mercedes Marcó del Pont.

El Value Added Tax (VAT) registered in April a 8,3% variation compared to the same month last year.

Revenue from the tax on Earnings They scored a del% increase 1 in relation to April 2019.

The AFIP indicated that "The tax policy tools designed to cushion the economic impact of mandatory social isolation on employment and wage income, for their part, conditioned the collection of taxes linked to the labor market..

Thus, the tax resources linked to the Tax System Social Security increased by 10% compared to the same month of the previous year.

«The two-month extension of the SIPA (Argentine Integrated Pension System) component of employer contributions and the reduction in the rate for the health sector explain the performance"the tax collection agency said.

Meanwhile, the export duties reached $28.172,1 million in April, with a 18,3% increase compared to the same month last year.

During its fourth month of validity, the COUNTRY tax (For an Inclusive and Solidary Argentina) generated income of $ 4.564,1 million.

During the first four months, the amount collected by the new tax rose to $ 21.682,2 millones.

Source: Telam

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