November 22, 2017
Monday, August 4, 2014

AFIP: Tax revenue up 33% in July to $107bn

The Federal Public Incomes Administration (AFIP) has announced that tax revenues for the month of July reached a total of 107.09 billion pesos, a figure 33 percent higher than the same period in 2013.

The revenue collection agency has recorded takings of 656.27 billion pesos for the first seven months of the current year.

July's figures, presented today in a press conference by AFIP chief Ricardo Echegaray and Treasury secretary Juan Carlos Pezoa, showed the biggest advances in income came in Export Rights, which grew 65.5 percent from the previous year; Income Tax, yielding 40.1% more than in 2013, and Debit and Credit taxes, 36.1% up.

"This is a very good result," Echegaray told reporters at the conference on presenting the figures. The AFIP head pointed out that "from here onwards revenue collection will take a different path," due to a predicted drop-off in sales of soya and subsequent export tax takings.

Pezoa, meanwhile, highlighted that takings for the first seven months of the year had surpassed official estimations by some 42 billion pesos. "However it comes, it helps," the secretary affirmed, referring to tax revenue helping to offset an increase in public spending of more than 190bn pesos in the year so far.
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Tags:  AFIP  tax income  July  

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