AFIP announced a record in collection; it grew by 24.3%

February 1, 2013
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Tax collection in our country grew by 24.3 percent year in January to total 65,682.7 million pesos (U.S. $ 13,169,000), reported the Federal Administration of Public Revenue (AFIP).

“This means a growth of 24.3 percent. New record collection that occurs in the beginning of 2013,” AFIP head Ricardo Echegaray said.

The official added the items with greater increases in terms of collection were the import duties, taxes on income, debits and credits.

The result was in line with market expectations, as analysts polled by Reuters anticipated growth in tax receipts for November’s 25 percent year on year to 66.078 million pesos.

The agency said the increase reflects mainly the high inflation in Argentina, as the AFIP does not correct the rise of taxes collection due to the escalation of prices.