The increase in sales in January 2023, which reached 16,387 million dollars, “allowed us to increase” tax collection, according to a statement from the Tax Administration (SRI).
By February 2023, $2,808 million had been collected, representing an increase of 8.3% (an additional $216 million) compared to the same period in 2022. This result, according to the agency, also allowed us to exceed the expected collection goal for this first half of the year ; or 102.2% compliance.
Among the activities that had the highest nominal growth in sales were trade, manufacturing, mining and quarrying, agriculture and transportation, according to reports from the Guayaquil Chamber of Commerce. Provinces that increased in sales were Pichincha and Guayas with 7% and 6%, respectively, compared to January 2022; although compared to January 2021, the growth is 29% and 28%.
SRI CEO Francisco Briones said he expects continued growth in March, largely due to activity in the tourism sector, which had sales of $575 million in February during the Carnival holidays.
According to SRI reports, the following items were collected in the first two months of 2023:
Tax on foreign exchange outflow (ISD) had a contraction of 14% due to the reduction of the tax rate from 4.75% to 3.75% compared to February 2022 and less dynamism of imports.
In its statement, the SAI indicated that it will continue to implement the actions resulting from the Control Plan for 2023 in order to achieve the expansion of the taxpayer base and the timely and orderly fulfillment of obligations.
Source: Eluniverso
Alia is a professional author and journalist, working at 247 news agency. She writes on various topics from economy news to general interest pieces, providing readers with relevant and informative content. With years of experience, she brings a unique perspective and in-depth analysis to her work.
