2024-10-15 03:40:00
Neuquén‘s total income tax performance was strong in the first eight months of this year, with cumulative payments of $694.991 billion.
In absolute terms, this result places the province among the leading provinces in the country, above regions such as Mendoza and Tucumán.
this Actual growth in collections was 12.9%, cJoining Rio Negro as the only province to raise taxes amid a general decline in taxes.
he An increase in the total income tax rate, Adoption in key areas since the beginning of the year was one of the main drivers of this result.
In particular, there has been a significant increase in service rates related to the communications, construction and financial sectors, This brings more revenue to the province.
In addition to this policy, there has been a rebound in activity in Vaca Muerta, makingConsolidating its influence as one of the pillars of Neuquen’s economy. Oil companies are the major contributors to total revenue and YPF is the largest contributor to provincial administration income.
In contrast, Buenos AiresBased on a comparison of 19 provinces reporting monthly collections, the province leads the country with $5.8 billion in collections, followed by CABA and Córdoba The report was prepared by the consultancy Politikón Chaco based on data from the Ministry of Economy, the Tax Office, provincial collection agencies and INDEC.
Which activities have higher total revenue
Although Neuquen lags further behind in absolute terms, its growth has been outstanding and it is one of the few provinces to escape the downward trend in income.
Neuquen raises tax rates this year Total revenue from communications services (Internet and mobile phones) increased from 4% to 5.5%; construction and services related to the province’s economic activity increased from 1.5% to 2.5%The bad thing is that the price is half the normal price.
According to the latest changes Neuquen provincial tax law stipulates that financial services (banks) pay a tax rate of 9%, compared with 7% before last year, and financial intermediary services increased from 5.5% to 8.25%%.
In contrast, jurisdictions such as Formosa and Chaco experienced deeper declines of more than 20%, revealing the disparity in the economic impact across provinces.
On a cumulative basis, the provincial tax revenue of the 19 jurisdictions reached 16.6 billion yuan, a nominal increase of 234.1% year-on-year.
However, after adjusting for inflation, it is clear that The actual decrease was 8.9%. Most of the revenue came from total income tax, which accounted for 81.7% of total revenue, although globally it also fell by 6.6%.
The growth of the city of Neuquen is directly related toOil activities remain the axis of the local economy.
Tax hikes did not stop production vitality in Vaca Muerta, but as a supplement to increasing provincial income,Enabling national-level public finances to sustain growth in a complex year.
Rio Negro grew 1.2%
Although Río Negro’s performance was more modest, total revenue actually increased by 1.2%. andThe increase was not enough to offset declines in tax collections in other provinces, which fell 5.3% overall. Even so, it ranks high in fiscal performance rankings.
Strategy sector growth ratePromotion of hydrocarbon activities makes Neuquén an exception In the national collection panorama, it stands out from most provinces.
The combination of proactive fiscal policies and a favorable economic environment puts the province in a better position than other regions to cope with the economic challenges of 2024.
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