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DGII collections grow 10.7% in 11 months

DGII collections grow 10.7% in 11 months

The Address General of Taxes Internal (DGII) records that, between January and November of 2024, the collections They reached 776,949.1 million pesos, for a growth of 10.7% in those 11 months.

In this way, the entity exhibits compliance of 101.1% with respect to the estimates contemplated in the budget reformulated of that year, which placed it at 768,140.1 million pesos – equivalent to 8,809 million pesos above what was budgeted.

The increase in collections was due, to a large extent, to the positive behavior of the main taxes taxed, such as the Tax on Transfers of Industrialized Goods and Services (Itbis), the Tax on Rent (ISR) of natural persons and the tax to the miningestablished the entity in its most recent preliminary report.

The DGII explains that, only in November past, the collections amounted to 71,868 million pesos, for a growth of 18.4%, that is, 11,162.9 million pesos more than in November from 2023.

State revenue

The DGII represents the greatest weighting

Throughout the year, Internal Tax collections represent 71.6% of total state income, which amounted to 1 billion 84,769.6 million pesos in the last 11 months, for a growth of 14.1% compared to January-November 2023 .

Itbis, ISR and taxes to the mining

The DGII could collect 19,190.9 million pesos more in Itbis during those 11 months, for a growth of 11.2% compared to January-November from 2023.

This is explained by an increase in 12.8% in total operations, and 10.1% in taxed transactions.

Meanwhile, the ISR to natural persons grew 14.4%, which allowed the collection of up to 13,394.2 million additional pesos, of which 10,957.7 million pesos were only from the tax on the income of employees.

“This increase is associated with a growth of 14.5% in the number of taxed employeesand 16.3% in the amount withheld”, details the entity.

For his part, the tax about the mining contributed additional income of 8,418.7 million pesos between January and November 2024, for a growth of 194.5% compared to the same period in 2023.

This was due to the increase in the price of gold, as well as the expiration of the favorable greeting compensations in the concept of Rent Foundry Net (RNF), carried out in 2021, and which ended in July 2024.

Variation of others taxes

Other taxes, such as the Tax on Rent of Companies and Asset Tax barely registered an increase of 773.5 million compared to January-November of 2023, for a growth of just 0.4%.

He tax about the Rent of Companies decreased 0.1%, representing 106,400 million less compared to the same period last year – when advance payments were received from financial entities, valued at 25,000 million pesos.

Advances grew 8.5%, contributing 8,844.5 million more than in January.November of 2023, while normal payments fell 6.4%, subtracting 2,079.8 million pesos less from the State between January and November from last year.

Journalist. Graduated from the Autonomous University of Santo Domingo (UASD), with an additional semester in Written Communication taken at Maryville College, United States. He has written about economics for the newspapers El Jaya and elDinero. Passionate about finances, culture, literature and well-being.

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