Less money that paid tax on foreign exchange outflows migrated

Image: Expreso

In the first seven months, the state raised $ 693 million for the money levied with the tax on foreign exchange outflows (ISD for its Spanish acronym).

That means that the group that is not exempt from the ISD totaled USD 13,860 million, less than USD 14,200 million that came out in the same period last year.

However, the Government will exempt all the money that comes out to pay off foreign loans. At first, the benefit was only for the money that comes to banks, now it will be extended to productive credits in general, not just financial. Until July, according to the Internal Revenue Service (SRI), tax revenues totaled 8.981 million dollars, 300 million dollars more than the goal aspired by the SRI, somewhat driven by the Remission of Interest Act, which pardoned fines to debtors who paid the capital that fell in tax arrears.

Source: http://expreso.ec/expreso/plantillas/nota.aspx?idart=8296311&idcat=38229&tipo=2