by | Jul 7, 2021 | Tax Revenue
In June, tax revenues grew 69% year-on-year in nominal terms and 12.8% adjusted for inflation. The increase was driven by the depreciation of the exchange rate (37% YoY), the increase in international commodity prices and regulatory changes. But the main factor behind...
by | Jun 8, 2021 | Tax Revenue
Partially because of the low basis of comparison, national tax revenue increased 72.7% in nominal terms and 14.3% in real terms as compared to the same month of the previous year. National Government revenues totaled AR$ 862.48 billion, which was the ninth consecutive...
by | Jan 14, 2021 | Tax Revenue
Driven by an incipient economic revival and the increase in Wealth tax rates, tax revenue grew 38% in nominal terms and 1.6% in real terms in December, registering for the fourth consecutive month an increase above inflation. However, in 2020, it suffered a real drop...
by | Dec 17, 2020 | Tax Policy and Fiscal Federalism
Due to tax exemptions and promotional regimes, the Budget Law estimates that next year’s tax expenditure will be AR$995.8 billion, equivalent to 2.64% of GDP, a level comparable to that of this year. Of this total, 73.9% consists of special tax treatments...
by | Dec 3, 2020 | Tax Policy and Fiscal Federalism
The purpose of this report is to evaluate the consolidated tax burden on the meatpacking, metal-mechanic, supermarket, transportation, and hotel sectors in thirty locations in the country. Under certain assumptions and without including some taxes such as Fuel Taxes...
by | Sep 9, 2020 | Tax Revenue
National tax revenue reached AR$612.14 billion in August, which implied a nominal growth of 33.5% year on year (YoY), but a contraction in real terms of 5.2%. This fall was the most moderate since February. The slowdown in the decline in tax revenue can be explained...
