The National Treasury recorded a primary surplus of $5,284.2 million in September

Collection increased 92% by adding revenues of one billion 964,056 million pesos

Photo: file.

This increase in collection was mainly driven by the performance of VAT, Income Tax, Bank Credits and Debits, and taxes associated with Social Security.

Taxes linked to economic activity contributed to the improvement of national collection. Within this group, the increases of 110% in VAT, 86.5% in the Tax on Credits and Debits, and 76.1% in Internal Co-participation stood out.

“The taxes that grant progressivity to the system registered, as a whole, an increase of 115.3% year-on-year,” said Economy in a statement.

For its part, the Income Tax marked an increase of 128.5% in income, adding a little more than $507,000 million in part due to the effect of the first installment of the extraordinary payment on account of profits made by the companies.

Telam SE

For its part, the Tax on Personal Assets, with almost $52,900 million, registered a growth of 38.5%, a tax in which the taxpayers included paid the last installment of the payment facility plan for the balance of the affidavit corresponding to the year 2021.

Meanwhile, Social Security resources increased 89.7%, with revenues of $393,200 million, explained by salary improvements.



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