OPC 5 Cost Estimates 5 MODIFICATION OF THE DISTRIBUTION OF TAX ON CREDITS AND DEBITS REVENUES – BILL S-2447-2023
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MODIFICATION OF THE DISTRIBUTION OF TAX ON CREDITS AND DEBITS REVENUES – BILL S-2447-2023

20 May, 2024

The bill proposes to share with the provinces 50% of tax on credits and debits revenues that are currently allocated entirely to ANSES (National Social Security Administration), after deducting the portion that is earmarked for AFIP (Federal Administration of Public Revenues) (1.9%).

  • ANSES would have a decrease in revenues equivalent to 0.77% of GDP.
  • Of this portion, the National Treasury would recover 0.30% of GDP without specific allocation. The provinces as a whole would receive 0.45% of GDP and ATNs (Contributions from the National Treasury) and the Judicial Branch 0.01% of GDP.
  • The proposed amendment is based on an agreement with the governors to offset the drop in the shared revenues resulting from the changes in the Income Tax.
  • Between 2004 and 2023, Income Tax revenues averaged 1.64% of GDP and 6.80% of national revenue. Successive regulatory changes during this period had an impact on the distribution of these resources.
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