Tax revenues totaled ARS976.314 billion in September, an increase of 61% year-on-year (YoY). Adjusted for inflation, it expanded 6.5% YoY.
Among tax resources, the increase in VAT, Tax on Credits and Debits and Income Tax stands out. Export Duties and Social Security resources continued to show a good performance.
The low comparison base attributable to the economic effects of the Mandatory Preventive Social Isolation (ASPO) which came into force on March 20, 2020, the increase in international commodity prices and the increase in the nominal exchange rate (30.7% YoY) contributed favorably to these results, although a deceleration in the margin was observed.