- VAT collection has increased for three consecutive quarters due to lower exchange rate difference with Argentina
- Internal consumption in Uruguay is recovering due to lower price gap with Argentina
- VAT collection has grown in real terms for the second consecutive quarter
- VAT collection improved for the third consecutive quarter
- Reduction in price gap with Argentina has improved tourism spending balance and VAT collection
- VAT perception is used as an indicator to analyze the evolution of consumption of goods and services in the domestic market
- VAT collection in real terms totaled 73.003 million pesos in the second quarter, with a 5.54% year-on-year increase
- VAT perception for imports recovered strongly in the second quarter with a 9.02% year-on-year improvement
- Reduction in price gap with Argentina has boosted internal consumption
- Price gap with Argentina dropped to 47.4%, its lowest level in five years
- Inflation in Argentina and price evolution in Uruguay have led to a decrease in price gap and increase in internal consumption
Source: ambito.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
