In 2020, the tax burden reached almost 25%, the highest level in four years

In 2020, the tax burden reached 24.7%, the highest level in the last four years. With the incorporation of more taxes, the weight on GDP grew by 1.3 percentage points from one year to the next. The tax pressure increased due to a low GDP growth affected by the fall of activity and a lower nominal value and the creation of new taxes such as the Country Tax or the increase of rates, in the case of Personal Assets.

Source: Clarín