Tax collections reached $10,890 million by July 2023, an increase of 4% or $402 million more than last year.
The Director General of the Tax Administration (SRI), Francisco Briones, explained that this increase is due to the increase in sales that in the first half of 2023 reached 111,746 million dollars, which also means a 4% increase in sales compared to the same period in 2022. year and 22% compared to 2021.
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The activities that had the highest nominal growth in sales are transport, agriculture, professional activities and trade.
The main taxes collected by the SRI also had a significant increase:
From January to July 2023, value added tax (VAT) generated 4,920 million dollars, i.e. an increase of 7.4% compared to the same period in 2022. Funds received from VAT in internal operations exceed collection levels in the last six years. points out SRI. Withheld VAT in the public sphere amounted to 658 million dollars. “Although the stated value represents 45% of the total VAT withheld, it is not received by the tax administration because it remains in the coffers of withholding agents such as public enterprises and decentralized autonomous governments (GAD)”.
More than 100 dollars of wages are returned by workers who applied for the new income tax reduction, those who had no other option in SRI
In this context, Briones indicated that the actions carried out by the SRI as part of the “Innovation plus collection” plan enabled an increase in tax collection during the seven months of 2023. In addition to the inclusion of more than 20,000 new taxpayers.
Source: Eluniverso
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