Tax revenue amounted to ARS1.241 trillion in March 2022, which implied a growth of 62.5% year-on-year (YoY). Adjusted for inflation, it expanded 6.5% YoY.
The recovery in the level of activity since March 2021, the increase in the international prices of commodities and the increase in the nominal exchange rate (20.2% YoY) contributed favorably to this result.
Among tax resources, the increase in real terms in the PAIS Tax stands out, because of the return to foreign travel as restrictions due to COVID-19 are eliminated. The Tax on Credits and Debits, Income Tax and VAT also recorded significant growth.
Likewise, duties on Foreign Trade and Social Security resources also showed a good performance.