[Economics] Tax collections grew 8.3% in January 2023, according to the SRI

[#Steeven.™]

Among the activities that had the highest growth in sales were commerce, manufacturing, mining and quarrying, agriculture and transportation.

The increase in sales in January 2023, which reached $16,387 million, "allowed us to leverage" tax collection, the Internal Revenue Service (SRI) said in a statement.

Until February 2023, $2,808 million were collected, which represents a growth of 8.3% (an additional $216 million) in relation to the same period in 2022. This result, according to the organization, also allowed us to exceed the expected collection goal for this first bimester; that is, 102.2% compliance.

Among the activities that had the highest nominal growth in sales are commerce, manufacturing, mining and quarrying, agriculture and transportation, according to reports from the Guayaquil Chamber of Commerce. The provinces that grew the most in sales were Pichincha and Guayas with 7% and 6%, respectively, compared to January 2022; although if compared to January 2021 the growth is 29% and 28%.

The general director of the SRI, Francisco Briones, said that he expects this growth to continue in March, mainly due to the activity of the tourism sector, which in February had sales of $575 million during the carnival holiday.

According to SRI reports, in the first two months of 2023 the following items were collected:

1. $1,491 million for value added tax (VAT).
2. $838 million for income tax.
3. $148 million for special consumption tax (ICE). Regarding this last tax, the ICE on firearms collected $485,000 in the first two months of 2023, which triples the amount collected in all of 2022 for this concept.

The foreign currency outflow tax (ISD) had a contraction of 14% due to the reduction in the tax rate from 4.75% to 3.75% compared to February 2022, and less dynamism in imports.

The SRI indicated in its statement that it will continue to execute actions derived from the 2023 Control Plan to achieve an expansion of the taxpayer base and a timely and orderly compliance with obligations.

 

https://www.eluniverso.com/noticias/economia/recaudaciones-tributarias-crecieron-83-en-enero-del-2023-segun-el-sri-nota/