January 17, 2023, 1:13 PM
January 17, 2023, 1:13 PM
Mario Cazónpresident of the National Tax Service (SIN), reported that in 2022 the tax collection, taking into account the Special Tax on Hydrocarbons and its Derivatives (IEHD), the Direct Tax on Hydrocarbons (IDH) and the Tax on Transactions Financial Institutions (ITF), among others, was Bs 42,128 million, 17.3% (Bs 35,901 million) more than in 2021.
Cazón maintained that these ‘extra’ Bs 6,227 million that the treasury collected must be to the economic stability in the country. The authority remarked that what was achieved in the past management also exceeds the collection of 2019 when it was Bs 41,209 million.
The authority remarked that the figure would have been higher, but that social conflicts they made the treasury stop receiving around $us 136 million.
Taking into account the internal marketthe Value Added Tax (VAT) participates with Bs 10,267 million, with an increase of 4% compared to 2021, the Transaction Tax (IT), collected Bs 5,962 million (an increase of 16.9%) and the Tax on Business Profits (IUE) with Bs 9,895 million, 37% more than last year, are the that stand out the most.
In the opinion of Cazón, this collection behavior iindicates a reactivation of the economy that is transferred to consumption and business activity.
pink talaveraa tax analyst, maintained that, in order to have a more balanced panorama, the participation of the different taxes should be analyzed to assess whether this increase in collection reflects the current economic situation of the country.
At the same time, Jaime Dunn, economic analyst, He remarked that the numbers provided by the SIN show a gradual but real recovery of the economy to 2019 levels, although from his perspective different aspects are still missing to affirm that economic performance is as in 2019.
“Without a doubt there is an improvement in the economy, that cannot be ignored. That’s why those amounts in tax collection,” Dunn said.
