Tax Collection Increases in Ecuador

In its first semester of tax collection, Ecuador gathered $4,890 million in payments, this represents an 18,4% increase than last years. The Internal Revenue Services, IRS (SRI) submitted the report.

The goal of this year is to gather $8,700 in taxes, during the six first months of taxes imposed; the IRS received $2,100 million. Last year the sum gathered was of $1,800 million. Many of the direct taxes came from a tax that the State collects a tax on foreign exchange charges.

In 2010 the State earned $162,6 million with this taxes, during the six months of 2011, the IRS has gathered $222,1 million with this charges. Meanwhile the taxes on vehicles generated $102,1 million in the first six months of this year.  (AV)

Source: EFE