Displaying items by tag: tax collection
El Salvador had a tax collection of US$7.122 billion in 2023
El Salvador achieved its highest tax collection at the end of 2023 with a total of US$7,122 million, according to data from the Ministry of Finance. This result surpasses the US$6 billion 571 million in tax revenues of the previous year.
Tax collection increases by US$135.3 million so far in 2023
According to the Ministerio de Hacienda (MH), the State's tax collection from january through august 2023 totals US$4,939.4 million. This represents an increase of US$135.3 million compared to the same period of 2022, that is, a growth of 2.8%.
Legislative Assembly's Finance Committee allocates US$13 million for the San Miguel Bypass
The Finance Committee of the Legislative Assembly held a session to analyze several budget reallocations for the fiscal year 2023, in order to be able to carry out projects in the agriculture, security and safety sectors.
Tax collection continues positive trend, benefiting social investments
The Ministry of Finance reported that the Income Tax (ISR) generated US$1,553 million up to may of this year. Compared to the same period of 2022, this is a positive variation that maintains the trend that has been in place since previous months.
Tax collection has exceeded 10% more than projected: Treasury
The minister of Finance, Alejandro Zelaya, tax collection has been on the right track; up to april 18, tax revenues have behaved as the institution had planned within the budget.
Payment of US$800 million of 2023 bonds was made thanks to tax collection
The minister of Finance, Alejandro Zelaya said in a morning interview that the payment of the US$800 million Eurobonds 2023 maturing on january 24, came from the increase in tax collection, reduction in public spending and the implementation of a strategy to strengthen public finances.
El Salvador will become a leader in tax collection, says economist
Economist and former President of the Banco Central de Reserva (BCR), Carlos Acevedo, explained in a morning interview, the tax burden will be above 20% of the Gross Domestic Product (GDP), in 2023, for the second time in many years, being possibly the leading country in Latin America and the Caribbean in tax collection in 2022.
June saw US$585 million more in tax collection: Treasury
The minister of Finance, Alejandro Zelaya, informed in a morning interview that the country has an adequate level of tax collection, up to june 30, an additional US$585 million was obtained, above the amount collected by 2021, exceeding by 18% the projection made for this year.
Tax collection to grow 16% in 2022: Ministry of Finance
The Minister of Finance, Alejandro Zelaya in a morning interview expressed that this year this State portfolio obtained about 16% more in Income Tax (ISR) declarations.
Treasury has managed to collect more than US$300 million by march 2022
The Minister of Finance, Alejandro Zelaya, said in a morning interview that, during january and february 2022, they had registered around US$200 million in tax collection, and as of march, the institution had already collected more than US$300 million of what had been projected.