LatinNews Daily - 02 December 2021

In brief: Argentina’s tax take rises

* Argentina’s finance ministry has announced that the country’s tax take in November totalled Ar$1.03trn (US$10.20bn), representing a 59.5% increase on the tax haul in the same month last year. This increase does not account for inflation – November inflation figures have not yet been released, but analysts in the private sector are expecting annual inflation of around 51%, meaning that the tax take will likely have increased in real terms. Compared to the preceding month, November’s tax take increased by 1.6%. The finance ministry statement said that the increased tax haul is principally due to increased income from social security (+69.7% year-on-year), foreign trade (+87.4%), and economic activity (+61.5%).

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