07/20/2020 - 10:03
- Clarín.com
- Economy
- Economy
A survey by IARAF shows that the drop in tax collection has been slowing down this month. Earnings and VAT, the main taxes, improved their performance compared to previous months and showed real falls of 2% and 9%, respectively. The sum of both had a fall of 5% in real terms . In the first half of June, this sum had been falling to 27% real year-on-year.
"After the first half of July, a recovery could be verified in the sum of the main national taxes collected internally (VAT, Earnings, Personal Property and Fuels), which was 35% higher than in the first part of June of 2019, in both cases taking the first 10 business days (of the 21 that it has each month), "reports the consultant of Nadín Argañaraz. "Once inflation was discounted, this aggregate national collection showed a drop of 5%. It should be remembered that, in this same comparison last month, the drop was 25% real."
"The situation of economic activity and the tax revenues derived from it are clearly affected by the isolation measures resulting from the coronavirus, " they indicate.
The July data thus marks a change in trend. "The real decline in April's top taxes deepened in May, while evidence of a slowdown in the pace of real decline in June is clearly being confirmed so far in July ."
In the opening for tax, it can be seen that in the case of VAT, the sharp slowdown in April was persistently reversed in the following months, and in the first half of July it again cut the real drop , which was 18 points lower than that of the start of the series. In the case of Earnings, the first half of July showed the smallest real drop since this analysis was carried out, reaching only 2%, while in the first half of last month it had been 34%.
For its part, Personal Property continues to show a clear slowdown compared to the previous months (surely influenced by tax deferrals), and Fuels confirmed the worsening that had led it to negative real terrain in June. However, the total sum of national taxes surveyed ended up replicating the slowdown in the real fall in VAT and Profits.
