Revenue Statistics in Central America

Tax revenues in relation to GDP increased in the Central American countries with the exceptions of Guatemala, where it fell, and Costa Rica, where it did not change.

Monday, January 20, 2014

A report entitled "Tax Statistics" prepared by the Organization for Economic Cooperation and Development (OECD), analyzes the behavior of tax collection in Latin America.

From a press release by the OECD:

"Tax revenues are increasing in Latin America but remain low relative to national income compared to most OECD countries, according to the report on Revenue Statistics in Latin America 1990-2012, presented today in Santiago, Chile.

The average income tax rate of the 18 countries covered in the report [1] increased steadily going from 18.9% in 2009 to 20.7% in 2012, after falling from a peak of 19.5% in 2008, indicates the publication produced by the Organization for Economic Cooperation and Development (OECD), the Economic Commission for Latin America and the Caribbean (ECLAC) and the Inter-American Center of Tax Administrations (CIAT).



More on this topic

Tax Ratio in El Salvador

May 2015

The 100 largest taxpayers registered with the Ministry of Finance paid tax equivalent to 2% of their annual gross income.

Representatives from the department stated that they will start investigating some companies this year who have reported losses or very low taxation, "...

The Tax Burden on the Economy of Guatemala

September 2014

The World Bank cites weak economic growth, low tax collection and low public investment as the factors affecting productivity and preventing greater economic development from being achieved.

Less taxes and consequently poor tax collection, coupled with limited public spending, are preventing Guatemala from achieving a better level of socioeconomic development, despite having achieved timid growth rates of GDP in recent years.

Taxes Doubled on Mining Investments in Honduras

August 2013

The tax rate for domestic and foreign investors in mining has increased from 3% to 6%-7%

"Between six and seven percent was the amount finally passed in Congress, at the time of the approval MPs in the National Congress were determined to raise the tax rate, resulting in companies paying even more now than specified in the original project ," said the chief of the Department of Natural Resources and Environment (Serna), Rigoberto Cuellar.

Tax Pressure in Central America

November 2012

In 2010, when looking at total tax revenue as a percentage of GDP, Costa Rica has the highest ratio in Central America, and ranked fourth in Latin America, behind only Argentina, Brazil and Uruguay.

The study on Tax Statistics in Latin America, by the Organization for Economic Cooperation and Development (OECD), notes that while the ratio of tax revenue to GDP has been growing in Latin American countries, the average of the so called "tax pressure" is still below the average for countries who are members of the OECD.

 close (x)

Receive more news about Economics Stats

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


Tailor made software for construction companies

O4Bi is a system that allows to control and manage what a company needs: the complete process of development of works, accounts receivable, treasury, banks, sales and accounting.
O4Bi is a very robust system that allows to control and...

Stock Indexes

(Apr 6)
Dow Jones
-5.60%
S&P 500
-5.10%
Nasdaq
-5.64%

Commodities

(Dec 3)
Brent Crude Oil
48.300
Coffee "C"
119.10
Gold
1,843
Silver
24.320