Among the taxes that behaved above the average Profits stand out, which with a product of $521,007 million grew 128% compared to the same month last year. This behavior is explained by the effect of the extraordinary advance for large companies. the tribute showed a real growth of 17.2%, according to estimates from the Argentine Political Economy Center (CEPA).
The other important tax in the tax structure, VAT, had an increase of 96.4%, although the component related to the domestic market, which actually expresses what happened with the billing of the previous month, grew 113% compared to last year. The CEPA estimates that the tax had an increase real of 2.4% to add $613,190 million. A noteworthy fact is that last month the amount of VAT funds attached to permanent payment plans authorized by the AFIP grew 167% year-on-year.
Regarding Social Security taxes, they contributed $422,498 million with a nominal increase of 94.9%, almost without variation compared to the previous year if inflation is taken into account. Personal contributions left $168,111 million (92.1%) and employer contributions $250,968 million (100.4%). AFIP indicated that the number of registered workers in November increased 3.8% compared to November 2021.
Meanwhile, without the effect of the soybean dollar, export duties fell 34% in nominal terms compared to last year, totaling $51,304 million. AFIP specified that fewer withholding amounts were paid for corn and that withholdings on services were lowered by 5 points. On the import side, tariffs showed a nominal improvement of 87.6%, leaving the treasury $67,102 million, simply due to an improvement in the exchange rate and the increase in purchases.
On the other hand, the tax on bank debits and credits had a collection of $138,733 million. That explains a rise of 92.2% nominal, slightly below the estimated inflation for the period. The tax on the check shows the activity of the economy in real time, because it is charged automatically with each bank movement. Therefore, its drop can show a cooldown.
On the other hand, andThe PAIS Tax contributed $28,128 million, which marked a nominal growth of 83.7%below the evolution of prices, which also marked a decrease in the demand for tickets from the public.
In relation to the accumulated 11 months, the AFIP highlighted that “the increase in the participation of progressive taxes in the collection stands out”. “The taxes Profits, Personal Assets, Export Rights and PAIS contributed 35.4% of the total,” says the official report. On the other hand, so far this year, the tax paid to buy dollars grew 233.4%.
more deficit
Meanwhile, through a budget modification, the government increased the deficit by almost $100,000 million. According to the Argentine Association of Public Budget (ASAP). ANDhe main increase in spending was for ANSES, for $88.500 million to attend to the payment of food reinforcement for adults who lack social benefits.