El Salvador: Tax Collection Decreases by 15%

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

Wednesday, April 8, 2009

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.

Rafael Barraza, former president of BCR, told Laprensagrafica.com: "The decrease in tax revenue is being manifested due to the external situation that is impacting the country, both in its level of exports and the level of employment. Since there is less economic activity, lower revenue for the Treasury is also expected. "

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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.

Tax Revenues Decrease by 12.1% in El Salvador

April 2009

Up to and including February 2009, tax collection was $436.8 million, compared to $497 million during the same period last year.

The head of the area of macroeconomics for the Salvadoran Foundation for Economic and Social Development, Álvaro Trigueros, informed Elsalvador.com: “The reduction in tax revenues comes from lower collection of the Value Added Tax (IVA), which decreased by $53 million, while import taxes were down by some $10 million. The decline in imports is related to falling oil prices, lower tariffs and generally to a lower economic growth."

Tax Collection Decreases by 4.5% in Costa Rica

April 2009

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.

Guillermo Zúñiga, Minister of Finance, attributed these results to the global economic crisis.

Mipunto.com 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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