OPC 5 Tax Revenue 5 Analysis of Tax Revenue – February 2019

Analysis of Tax Revenue – February 2019

This report analyzes tax revenues for the first month of the year and outlines the scenario for the whole of 2019.

National tax revenue in January 2019 totaled AR$363.92 billion, showing a year-on-year increase of 38.9% in nominal terms, which implied a drop of 6.7% in real terms.

As for the projection for the year, after the submission of the 2019 Budget, three regulatory amendments were introduced with a significant impact on the national tax revenue for 2019.

These amendments have an almost neutral net impact on the projected revenue: a reduction of AR$3.83 billion, which is equivalent to 0.1% of the total projected amount.

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