Tax collection increased 29.9 percent in November when compared to the same month of 2010, and reached 47,275.9 million pesos.
The announcement was made by Finance Secretary Juan Carlos Pezoa and Afip revenue agency head Ricardo Etchegaray after a meeting with Economy Minister and Vice-president elect Amado Boudou.
Pezoa explained that “the driving force behind the increase in tax collection is the growth of the economy,” and highlighted the fact that incomes of the VAT tax reached the record figure of 15.08 B pesos over, the 14.3B record of September.
Meanwhile, Etchegaray stressed the fact that the increase in the VAT tax collection happened within an odd behaviour,” due to the fact that the perception of that tax increased 49 percent in the domestic market, while the Customs increased 19.9 percent.
Source: Buenos Aires Herald