Creation of the DNIT allows an increase in tax collection to finance programs such as Tariff Zero

Asunción, IP Agency.- The director of Tax Revenue (DNIT), Oscar Orué, pointed out that Source 10, Treasury Resources, which will finance the Zero Tariff program, is favored by the increase in State collection.

Since the creation of the DNIT in August of last year, there has been an increase in tax revenues. “Until March 2024 we are talking regarding US$320 million more collected,” Orué stated in an interview with Paraguay TV.

This surplus in collection, through better efficiency in customs and tax management and the fight once morest smuggling and evasion, is what allows the resources of the Zero Tariff to be protected, he noted.

«There is no reason to doubt this and even more so now that there is a bank account. When students doubt, that extract is printed,” said the DNIT director. «The law itself shields and secures the resources, so the law itself establishes that they cannot be rescheduled. That means you can’t take it out of that account.

Source 10 of financing

Orué explained that Source 10 of Treasury Resources is made up of 80% of what is collected by the DNIT through taxes. Added to this are the contributions of state companies, the tax canon, and the resources of the binational Itaipu and Yacyretá.

With the promulgation of the regulatory decree, Article 2 of the Law on Free admission and degree courses in public higher education institutes (Zero Fee) is modified, establishing that the funds for this measure will be financed with Source 10, the They will be shielded and cannot be reduced or reprogrammed.