Tax collection moves away from the government’s goals

Tax revenues continue to fall. The decline in foreign trade tax collections that began in the early months of 2015, now joins a widespread drop in the heaviest weighted taxes: Value Added Tax (VAT), Income Tax (IR) and Foreign Exchange Outflows (ISD), which, according to analysts surveyed, shows a reduction in economic activity in the country.

The January report (the February report is not yet available) of the Internal Revenue Service (SRI) shows a revenue of $ 1,318 million, which is 8% lower than the same month of 2015.

Source: http://www.eluniverso.com/noticias/2016/03/27/nota/5488464/recaudacion-impuestos-se-aleja-metas-gobierno