October 25, 2014
August tax income rises 31.3% on year, government says
Argentina's tax revenue jumped 31.3 percent in August from a year earlier to 99.7 billion pesos ($11.852 billion), the government said today.
The information was released today during a press conference headed by Federal Public Incomes Administration (AFIP) chief Ricardo Echegaray and Treasury secretary Juan Carlos Pezoa. Echegaray also revealed that revenues jumped 34.2 percent in the first eight months of 2014, to a total of 755.92 billion pesos.
Income taxes increased the most compared to the same period last year, climbing 45.7 percent to bring in 22.81 billion pesos.
Value-added taxes, meanwhile, contributed $28.19bn (up 26.2%), while Employers' Contribution rose 30.9% to $13.99bn.
Export levies, on the other hand, represented a sharp fall in sales over the past month. Total revenues were down 3.4% to $6.69bn over August.