Consumer taxes contributed 42% of the total collection

According to the latest June tax collection data from the Federal Administration of Public Revenues (AFIP), at least 42% of the agency’s revenue is explained by taxes on consumption. The AFIP recorded revenues of 2,886.771 billion pesos ($40.71 bn), of which VAT contributed 29.37%; 6.98% added Bank Debits and Credits; 2.62% fuel; 3.06% internal taxes and others related to consumption. On the other hand, those that show wealth, such as Profits, contributed 21.95%; Personal Assets 1.57%), and the PAIS Tax 1.65%.

Source: Ámbito

Categories: Macroeconomy/Finance