Tax collection It was expected to fall by 8.7% in real terms in November Compared to the same month in 2024. This is the fourth consecutive decline, reflecting weak activity and contraction. Tax changes compared to last year.
The report issued by ARCA states that the collection of tax resources in November reached 15,598,232 million dollars, An annual difference of 19.7%. However, IARAF data shows that taking into account the impact of inflation, collections would fall by approximately 9%.
“This month’s year-over-year variance is still affected by the high comparison base due to November 2024’s exceptional income,” ARCA says. This list includes tax suspensions, advances of profits and personal assets, and the impact of money laundering A state tax that is no longer in effect. “Without these revenues, the year-over-year variance would have been close to 29%.”Statement details.
Net VAT collected 5,461,513 million dollars The interannual variation was 27.9%. The tax value-added tax rose by 24.4%, while the customs value-added tax rose by 19.6%.
value added tax, It could have fallen by 2.2%.. In November, a negative return (income) was recorded for 141,000 million dollars, According to the survey conducted by Nadine Arganiaraz, Director of IARAF.
In the case of profits, the collection rate increased by 27.7%. $3,355,886 million.
Social Security income rose 29.8% to $3,825,861 million. In this case the real decline was 1%.
In export rights, 240,207 million US dollars were obtained, a decrease of 59.3%. It’s the part where the group could have gone down the most A decrease of 69% year on year In order to temporarily cancel the tax burden on the agricultural sector. Followed by personal assets, with a decrease of 64%, and internal taxes, with a decrease of 12.6%, the latter due to the comparison with the high base in November 2024 and due to lower rates.
The only two taxes that saw a real increase in November were Import duties 21.7% and fuel tax 17.2%Due to the increased volume in the case of the first and the value of the tax in the case of the second.
Argañaraz calculated these differences using the assumption Monthly inflation 2.3% in November
The ARCA report specifies that it is due to the import duties they introduced $598,429 million, a difference of 59.6%. The appreciation of the exchange rate and the increase in imports compared to the previous year had a positive impact here.
In the fuel tax they entered $446,536 million With an annual variance of 53.7%. The increase is largely explained by tax updates.
So far this year, ARCA Recording an increase in collection by 40.8%. IARAF records a 1% decrease compared to the first eleven months of 2024. If the collection of taxes linked to foreign trade is not taken into accountCollection would have increased by 5%.“, explains the IARAF.