$ 59.7 million in Central Bank Securities are traded during the first month

During the first month of the new payment mechanism with Central Bank securities (TBC for its Spanish acronym), which intends to offset debts with the Internal Revenue Service (IRS) and make payments to suppliers through the Stock Exchange,  $ 59.7 million have been paid, 29.8% of the total estimated by the government ($ 200 million). This, according to figures published last Saturday by the Quito Stock Exchange.

Of this amount $ 41.1 million have already arrived at the IRS, that collection agency reported, adding that during January 71 taxpayers benefited from the payment of taxes with Central Bank securities.

Some of them, including regional governments and natural and legal persons, fulfilled their tax obligations this month and other paid their outstanding debts with the IRS. Thus, tax collection between January 7 and the first days of February was $ 41’149.879 by retentions, IVA, ICE, income tax and its advance payment.

Source: http://www.eluniverso.com/noticias/2016/02/15/nota/5405647/primer-mes-se-negocian-597-millones-tbc