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Nicaragua: Tax Collection Up 21%

The Directorate General of Revenue (DGI) of Nicaragua raised between January and June 2012 some $603 million, which is 21.15% more than in the same period in 2011.

Tuesday, August 7, 2012

The total revenue collected exceeded the target set in the General Budget of the Republic by 7% .

"According to research by the Strategic Planning Department of the DGI, the gross proceeds obtained shows a tendency to average annual growth of 21 percent when income from the first half of 2012 is compared to the same period last year.

The taxes that contributed most to the ample collection this year were Income Tax (IR) and the Selective Consumption Tax (ISC)", reported Laprensa.com.ni

Source: laprensa.com.ni

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Tax Revenues Up 5% in Guatemala

May 2013

In the first third of 2013 the state collected $2.111 billion, $110 million more than in the same period last year.

The figure is below the target set by the Tax Authority, which in this period was $2.277 billion, to cover the spending budget prepared by the Ministry of Finance.

Panama: Fiscal Revenue Up 15%

September 2012

The amount of revenue accrued by the state in 2012 up to August is $494 million more than the revenue from the same period in 2011.

From a statement from the Department of Revenue (DGI in Spanish):

Current Income:

Current revenue during August totaled B/.420.2 million, exceeding by B /.

Tax Collection Up 25%

May 2012

Up to March 2012 the Directorate General of Revenue (DGI in Spanish) in Nicaragua raised to nearly $100 million more than planned.

The DGI had revenues of C $2,328,300,000 million, or $99,472,793.97 in the first quarter, 25% more than planned for in the 2012 budget.

Confidencial.com.ni reports that that according to a detailed review presented by economist Adolfo Acevedo, "if the tax collection ends this year having grown by 22%[more than in 2011], it would reach a total of C $42,634.4 million, an amount that would be C$ 5,023.6 million ($213.8 million) above the figure of C $ 39,946.2 million revenue recorded in the budget, " after the extraordinary collection of 2011 totaled C $3,300 million ($141 million).

Tax Collection Up 18% in Guatemala

November 2011

In the first 10 months of 2011, tax revenues reached $4.723 million, 18.4% higher than in the same period in 2010.

The increase in revenue is due in part to a significant increase in the collection of Income Tax (32.9%).

"Pablo Urrutia, analyst from the Association for Research and Social Studies (ASIES in Spanish), thought that in addition to these figures and percentages, it would be necessary to look at other factors, such as prices and inflation. 'Even if more money has been collected, if you do not have better spending there is no real benefit, despite the fact that economic growth has increased’”, reports Siglo21.com.gt.