BUENOS AIRES, January 26, 2025 – Argentina’s tax revenue surged last year, climbing 39.4% to 183.109.217 million pesos (roughly $122.5 billion USD), official sources reported Friday. this jump signals a surprisingly robust fiscal performance despite ongoing economic headwinds.
Revenue Boosted by Consumption and Income Taxes
The increase in tax collection was primarily driven by higher revenues from value-added taxes, debit and credit taxes, and income tax levied on high earners.
- Argentina’s tax revenue increased by 39.4% in 2025.
- The growth was fueled by taxes on consumption, financial transactions, and high incomes.
- Despite economic challenges, tax collection rose significantly.
- December saw a 27% year-over-year increase in tax revenue.
- In 2024,tax revenue increased by 205.6% to 131.3 trillion pesos.
The Argentine Agency for Tax Collection and Customs announced that increased average gross remuneration for social security and customs collection linked to imports also contributed significantly to the overall growth. While official inflation figures for 2025 aren’t yet available, private consultants estimate it around 32%, suggesting that tax collection grew in real terms.
What does this mean for Argentina’s economy? The considerable increase in tax revenue, even with a backdrop of economic contraction and fiscal adjustments implemented by the Javier Milei administration as December 2023, is a notable development
