The Executive Directorate of Revenue (DEI) reported a total of 40 thousand policies sold compared to 60 thousand during the same period last year.
This decline represents a revenue loss of $24 million for land customs in connection with the projected collection goal.
The head of the Executive Directorate of Revenue (DEI), Armando Sarmiento, told Hondudiario.com, "This represents a revenue loss of $24 million for land customs (460 million Lempiras) in relation to the collection goal which is being revised now in accordance with the national reality. The DEI is collecting more than last year, but the growth levels are 6% rather than 17%."
For the first time this decade, the government adjusted tax revenue collection downwards from $2.43 billion to $2.27 billion.
Luis Rodrigéz, wrote in El Heraldo of Honduras: "The Ministry of Finance (SEFIN) planned to raise $2.430 million, however, that figure was reduced to $2.270 million after learning that customs revenues experienced a decline due to the reduction in the import of goods. Tax collection experienced an increase in the last three years. From 2006 to 2007, the increase was $362 million and from 2007 to 2008, tax revenues increased by $204 million."
The Metal Mining Association rejected declarations by the head of t he Executive Income Department about earnings by the sector that exceeded $17 million in 2007.
The website of the La Tribuna reported that "The president of Anamimh, Santos Gabino Carvajal, said that the report by Sarmiento on the alleged earnings by various sectors of the economy in 2007, given during a press conference at the Presidential House, was 'malicious and speculative.' According to Carbajal, the director of the DEI is trying to confuse public opinion by not highlighting the difference between metallic and no-metallic mining and by not pointing out that the companies also have costs of operations.
The legal framework for the operation of franchises needs to be improved, said the head of the Revenue Office, Armando Sarmiento.
A study by the institution found that between 2002-2008 the State lost $2.3 billion (44 billion lempiras) due to tax exemptions granted to more than 30 religious organizations, fast-food entities, NGO's, and maquildoras (export assembly plants).
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