Honduras: Exports Policies Drop by 33%

The Executive Directorate of Revenue (DEI) reported a total of 40 thousand policies sold compared to 60 thousand during the same period last year.

Wednesday, April 1, 2009

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%."

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Honduran Customs System Under Criticism

May 2009

The National Association of Honduran Customs Agents complained about the difficulties with the Honduran Automated System for Customs Income (SARAH).

In an interview with Hondudiario.com, the vice president of the National Association of Honduran Customs Agents (FENADUANAH), Gustavo Chévez, indicated that the system implemented by the Executive Directorate of Revenue (DEI) "has generated more losses instead of profits for Customs."

Honduras: $805 Million in Wine and Liquor Imports

April 2009

From 2007 to 2008, wine and liquor imports from different parts of the world increased by $648.90 million.

Data provided by the Executive Directorate of Revenue (DEI) published by Hondudiario.com indicated that the volume of imports by both Honduran entrepreneurs and foreigners meant a tax collection of $53 million for the entity.

Honduras Foresees Lower Tax Revenue for 2009

March 2009

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.

Metal mining companies in Honduras deny million dollar earnings

January 2009

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.

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