Tax Collection Decreases by 4.5% in Costa Rica

The 15.2% decrease in customs tax collection for the month of March was the most influential in the outcome of the first quarter of 2009.

Friday, April 17, 2009

Guillermo Zúñiga, Minister of Finance, attributed these results to the global economic crisis. reported statements by the minister: "The global recession, which has caused a sharp slowdown in local economy, has taken its toll with regard to tax collection."

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Costa Rica: 11% Drop in Revenue from Sales Tax

August 2013

The slowdown of the Costa Rican economy is evident in the figures regarded as "dramatic" by the minister of Finance.

While at the end of July 2012 the collection of General Sales Tax in Costa Rica increased by 14.3%, for the same period in 2013 there was a decrease of 2.9%.

Costa Rica: Tax Collection Drops

March 2013

A drop in the collection of sales tax revenue by customs offices and of the internal sales tax confirms a drop in consumption by households and firms.

The decline in imports during the last year, caused a drop in sales tax revenue in customs, which in February, had a real decrease of 1.39% compared to the growth of 18.3% in the same period in 2012, according to calculations made by La Nacion using data supplied by the Ministry of Finance and the Central Bank.

El Salvador: Tax Collection Decreases by 15%

April 2009

In February, the government collected $199.9 million in net taxes, 15.61% less than the $236.9 million collected in January.

According to official figures from the Central Reserve Bank (BCR), tax collection for February was also 13.76% lower than during the same period in 2008.

Salvadoran State Falls Behind in its Payments

March 2009

The decrease in tax revenue, mainly from value added tax and customs tariffs, have prevented the timely payments of the State’s obligations.

The elimination of the electricity subsidy payments, which affects those who consume in excess of 99 kilowatts, was a decision that was forced upon the Salvadoran government by the decline in revenues in the face of the economic downturn affecting the country.

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