During the penultimate month of the year, collections from the Income Tax and Value Added Tax (VAT) fell, according to private reports accessed by the Argentine News Agency. The Argentine Center for Political Economy (CEPA) detailed that VAT collection decreased by 3.1% year-on-year in real terms in November, compared to the 3.7% real decline recorded in the same month of 2024. Buenos Aires, November 30 (NA) — The Tax and Customs Collection Agency (ARCA) will announce this Monday the national tax collection for November, which could mark the fourth consecutive month of real decline. The agency will release the official data this Monday, December 1, with a focus on whether the collected revenues will manage to surpass the period's inflation or fall below it, as has been the case since August. In October, tax revenue reached $16,165,742 million with a 26.5% year-on-year variation, but it decreased by 3.6% in real year-on-year terms, a fact associated by the entity with 'the high base of comparison due to extraordinary October 2024 income'. In this context, the state treasury last year benefited from the still-active PAÍS Tax and the tax amnesty program. Meanwhile, the Income Tax showed a real decline of 2.9% in November, contrasting with the 7.4% real increase in the same month of the previous year. Similarly, the Argentine Institute for Fiscal Analysis (IARAF) estimated that 'the combined collection of VAT and Income Tax would have recorded a real year-on-year decrease of 3.4%' and added that there would also have been a 12.8% drop in the collection of internal taxes. Both reports reflected the situation within the analysis of automatic national transfers to provinces and the Autonomous City of Buenos Aires (CABA) during November, which registered a real year-on-year decline of over 5%. According to the latest collection data, in the accumulated first 10 months of 2025, ARCA recorded the entry of $150.98 trillion, with a nominal increase of 43.4%, equivalent to a 4.9% decrease in real terms. These recent months' shortfalls have also been affected by other factors such as the electoral process and the temporary removal of export duties. These aspects are not being compensated by other taxes.
