Annabella quiroga
08/02/2021 21:18
Clarín.com
Economy
Updated 08/02/2021 21:24
In July, tax collection reached $ 933.2 billion, as reported tonight by the Ministry of Economy.
The increase implies
an advance of 66.9%
compared to the same month last year, when the restrictions of the hard quarantine were still in force.
The jump in does not take into account the effect of inflation, which
accumulates more than 50% in the last 12 months.
If the price hike is discounted, the real growth in tax revenue drops to less than 10%.
In June, collection had increased 12.5% in real terms.
In the first seven months of the year, tax revenues reached $ 5,788,729 million,
a jump of 68%.
THE COLLECTION ACCUMULATED IN THE JANUARY-JULY PERIOD IS LOCATED AT PRE-PANDEMIC LEVELS It
registered a growth of 66.9% yoy in July. The increase is related to the economic recovery of 2021 and foreign trade taxes.
More info 👉 https://t.co/sSdIhUoytA pic.twitter.com/DYfFDjBBh6
- Ministry of Economy of the Nation (@Economia_Ar) August 2, 2021
From the Palacio de Hacienda they highlighted "the increase in collection in July of 66.9% year-on-year
is explained by the recovery of the economy in 2021
, by the boost in foreign trade taxes and, in part, by the low base of comparison in 2020 as a result of the pandemic ".
And they highlighted that with this, the accumulated collection in the seventh month of the year
"is at pre-pandemic levels."
However, they admit that in monthly terms "
a slowdown
was observed
due to the irruption of the second wave and due to the postponement of maturities of certain taxes."
In taxes linked to the recent performance of economic activity, the increase was 72.4%.
Within this group there were increases of 85.2% in the Fuel tax,
86.9% in VAT
and 81.6% in the check tax.
Earnings grew 68.5%
year-on-year, a slowdown in real terms compared to the level it had.
According to Economy, "the increase in personal deductions on the income of workers in a dependency relationship has an impact here; in addition, this month the returns began to be made in respect of the differences owed from past months to said taxpayers."
Withholdings on exports grew 131.9% year-on-year, while import duties increased 96.3%.
The collection associated with social security rose 62.6%.
Regarding Personal Assets, as in Earnings, its collection was affected by the postponement to August of the expiration of the balance of the affidavits.
Unlike this year, in 2020 the collection for this tribute partially entered in July, raising the comparison base and explaining the year-on-year drop.
The PAIS tax that is charged on the purchase of dollars and card expenses abroad raised $ 9,987 million, 50% less than a year ago when the reloaded stocks did not yet exist.
but it
rose 45%
compared to June.
For the wealth tax,
$ 23,372 million
entered in July
.
AQ
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