Ecuador's Jan-May Tax Collections Rise 17% On Year To $4.14 Billion
First Published Tuesday, 14th June 2011 03:42 pm - © 2011 Dow Jones
QUITO -(Dow Jones)- Ecuador's tax collections rose 17% to $4.14 billion between January and May from $3.53 billion a year earlier, the Internal Revenue Service, or SRI, said.
Collections from the value-added tax reached $1.97 billion, 17% higher than $1.69 billion a year earlier, according to the SRI.
Income-tax collection reached $1.57 billion, up 35% from $1.16 billion a year earlier.
The special consumption tax took in $241 million from $205 million in the same period a year earlier.
The tax on capital outflows rose 41% to $184 million.
Other taxes totaled $175 million in the period.
In May, according to the SRI, Ecuador's tax collections rose 25% to $746 million from $598 million in the same month last year.
Collections from the value-added tax in May rose 24% to $413 million while income-tax collections rose 42% to $216 million.
The special consumption tax collected in May reached $53 million.
Ecuador expects to collect $8.33 billion in taxes in all of 2011.
All figures have been rounded.
-By Mercedes Alvaro, Dow Jones Newswires; 5939-9728-653;