March 30, 2017
Monday, May 5, 2014

Tax income reaches record high in April, AFIP reports

A graph demonstrating how tax income has risen since April 2013, to hit a new record last month.
A graph demonstrating how tax income has risen since April 2013, to hit a new record last month.
The Federal Public Incomes Administration (AFIP) revenue agency has announced that the income gathered from tax collection in the month of April reached 92.74 billion pesos, a new record figure for the entity.

The total, revealed today by AFIP chief Ricardo Echegaray, represents a growth of 37 percent compared to the same period in 2013.

"92.74 billion pesos is a great result for our administration," the official affirmed in a press conference, before highlighting the "excellent performance" of income deriving from Exportation Rights, commonly known as retentions and applicable to the agricultural sector.

The data released showed that retention income totalled $14.51 billion, a massive 64.8 percent up from April 2013. In the first four months of this year the contributions from Export Rights was $27.81bn, a total increase of 49.6 percent.

Other areas which saw a sharp rise in revenue were sales taxes, up 47.5% to $27.3bn; employers' contributions, up 20.9% to 13.19bn; and income tax, which rose 43% compared to April 2013 for a total of $15.79bn.

Echegaray also commented on the operation which the AFIP carried out on individuals who travelled to Las Vegas to watch Marcos Maidana tackle Floyd Mayweather in Saturday's boxing title match.

"There was nothing extraordinary there, just an everyday task," the tax chief explained, referring to the decision to change the tax status of those who went to the USA.

"It was a financial action which is different to believing there is persecution. We are seeking a fiscal balance and for every taxpayer to contribute what they should pay."
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Tags:  AFIP  tax income  record  April  

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