Tax revenues amounted to ARS2,336.942 billion in March 2023, which implied a growth of 88.3% year-on-year (YoY). Adjusted for inflation, it decreased 8.1% YoY.

Among taxes, the increase in real terms in VAT, because of the higher economic activity, and in Wealth Tax, as a result of higher receipts for the purchase of foreign currency and the additional tax rate applied to trips and expenses abroad, stand out. Income Tax decreased due to the refund of taxes levied on foreign currency transactions.

Export Duties decreased as a result of lower volumes recorded in the foreign sales affidavits (DJVE), which evidenced the decoupling of collection with respect to international prices, due to export incentive programs.

On the other hand, Social Security contributions grew with respect to the same month of 2022, favored by the increase in the number of formal jobs.

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