The Peruvian economy would have had zero growth during May of this year, announced the National Superintendence of Customs and Tax Administration (Sunat). According to the entity, due to this performance, the collection June 2023 reached S/10,102 million in net tax revenue from the central government, discounting tax refunds.
“The determining factors of the June collection (is) the lower dynamics of economic activity, with a growth of the gross domestic product (GDP) in May close to 0% and a domestic demand that would have decreased by around 2.0% in the same month, according to BCRP estimates,” Sunat said in a press release.
Thus, faced with less economic activity in May, the tax collection June reached S/10,102 million, which represents a 14.1% drop compared to the same month last year. Also, in the first semester, Central Government revenues accumulate S/78,671 millionwhich is equivalent to a decline of 13.8% compared to the same period in 2022.
Another factor that influenced the drop in the collection has been the 20.5% reduction that imports in June would have registered and the lower exchange rate, which stood at S/3.66 per dollar and, therefore, fell 2.4% compared to the same month from last year.
“The contraction of exchange rate has a negative effect on collection, as it reduces both exporters’ income in soles and the amount to be paid for import taxes, expressed in soles,” the collecting entity specified.
Source: Larepublica
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.
