Macroeconomy/Finance

Tax collection fell 5.1% in real terms in August

August tax revenues registered a nominal increase of 33.5% year-on-year to 612,146 million pesos ($8.25 bn), according to the Federal Administration of Public Revenues (AFIP). Discounting the effect of inflation, the tax revenues last month fell in real terms by only 5.1% compared to August 2019, which indicates a level similar to that before the quarantine. During the first eight months of the year, tax revenues exceeded 4 trillion pesos ($53.88 mn), with a nominal year-on-year increase of 27.3%.

Source: Ámbito 

Categories: Macroeconomy/Finance