The crisis is felt in taxes

Image: Expreso

Until August, the total collected by state coffers through the Income Tax (IR for its Spanish acronym) -paid by oil companies- fell by 2%, according to statistics from the Internal Revenue Service (SRI). In eight months they have canceled 45 million dollars, one million less than in 2014. Everything seems to be a result of lower revenues.

The advance for IR stepped back from $ 191 million to $ 172 million between August – 2014 and August – 2015: a slip of 10%. The explanation is that, given the contraction in certain sectors such as agricultural activities for cocoa or broccoli, the SRI exonerated the advance payment of IR to those areas, as a way of mitigating the setbacks, analyzes Pablo Guevara, tax expert and partner of the consulting firm Fidesburo.

Lower vehicle sales also resulted in less revenues to the national treasury. Taxes paid by vehicles stagnated at 0% growth. Although, if considering the payment of the environmental tax, On the other hand revenues rose a slow 2%.

Safeguards, aimed at reducing purchases from abroad, also affected the tax revenues that have to do with imports. The ICE tax collected a 12% less and VAT a 6% less. That is, almost 100 million below what they got last year and worse still, $ 231 million less than it was set as a goal of by those who lead the Revenue Service.

Source: http://expreso.ec/expreso/plantillas/nota.aspx?idart=8545698&idcat=38269&tipo=2