02/07/2026 03:59 - Economia
Argentina's Federal Administration of Public Revenue (ARCA, similar to the IRS in the United States) reported that in June 2026, total tax collection reached 20 trillion Argentine pesos (approximately ARS $20,000,000,000,000). This figure represents a nominal increase of 23.7% compared to the same month last year, but when adjusted for inflation—which reached 33.2%—it translates to a real decline of 7.1%.
For international readers, this means the government collected more money in absolute numbers, but the purchasing power of that money actually decreased due to Argentina's persistent inflation challenges.
| Tax Type | Nominal Growth (12 months) |
|---|---|
| Fuel Transfer Tax | +70.4% |
| Personal Assets Tax (Wealth Tax) | +46.2% |
| Bank Debits/Credits Tax ("Cheque") | +33.2% |
| Social Security (Other) | +40.3% |
| Other Shared Taxes | +66.1% |
During the peak harvest season, agribusiness companies liquidated (converted to pesos) a total of USD 3.007 billion during June. This represents a 12% increase compared to May 2026, but an 18% decrease compared to June 2025.
For the first half of 2026, cumulative liquidations reached USD 13.378 billion, which is 13% lower than the same period in 2025. Industry sources attribute this gap to lower international commodity prices.
Economy Minister Luis Caputo highlighted that agroindustrial exports reached 53 million tons between January and May 2026, representing an 18% increase in volume and 17% increase in value compared to 2025.
The government reduced export taxes to support farmers. Here's a comparison:
For context: Argentina is a major global exporter of soy, wheat, and corn. Lower export taxes mean farmers keep more of their foreign sales revenue.
The federal government transferred a total of ARS 6.83 trillion to Argentina's 23 provinces plus the Autonomous City of Buenos Aires in June 2026, compared to ARS 5.44 trillion in June 2025. The nominal increase was 25.7%, but after adjusting for inflation, this represents a real decrease of 5.6%.
Year-to-date automatic transfers totaled ARS 36.6 trillion, down 2.6% in real terms according to the Argentine Institute of Fiscal Analysis (Iaraf).
During the first six months of 2026, total tax revenue reached ARS 109.6 trillion. This represents nominal growth of 25.9% and a real decline of 5% after inflation adjustment.
Starting in May 2026, the government implemented the Labor Formalization Incentive Regime (RIFL), which reduces employer contribution rates for each new worker hired—a policy designed to encourage job creation.
Alfredo S. Quiroga
