Asuncion, IP Agency.- The National Directorate of Tax Revenue (DNIT) managed to close the month of August with a 9% increase in collections, including internal and customs taxes. So far this year, some 25.7 billion guaraníes have been collected, reported the director of the institution, Oscar Orué.
Speaking to state media, Orué stressed that although the amount collected in August last year was already good, this year the income could have improved compared to that month.
“We are talking about 30 million dollars more in revenue, it is a prudent figure that is part of our estimate. Both internal taxes and customs management have seen increases,” he said.
In concrete numbers, he indicated that in August a little more than 360 million dollars were collected, which in guaraníes was 2.3 billion in total.
He stressed that so far this year the institution has already recorded 25.7 billion guaraníes in revenue, when last year, in the same period, approximately 21 billion had been collected. “We are talking about more than 20% in total,” he stressed.
The DNIT is an institution created by the current Government, merging the previous institutions of Taxation and Customs.
Since August of last year, the institution has reported constant improvements in tax and customs revenue figures, with estimates of further improvement of the figures, by an average of 7%, for the coming year.
#DNIT #outdoes #achieves #increase #August #collections
2024-09-06 12:22:13
Paraguay’s DNIT Sees 9% Increase in Tax Collections, Boosting Revenue to 25.7 Billion Guaraníes
Asuncion, Paraguay – In a promising development for the country’s economy, the National Directorate of Tax Revenue (DNIT) has reported a 9% increase in tax collections, including internal and customs taxes, in the month of August. This marks a significant improvement compared to the same period last year, with the institution collecting a total of 25.7 billion guaraníes so far this year.
According to DNIT Director, Oscar Orué, the institution has seen a notable surge in revenue, with a total of 360 million dollars collected in August alone, equivalent to 2.3 billion guaraníes. This represents a 30 million dollar increase in revenue compared to the same month last year.
“We are talking about a prudent figure that is part of our estimate. Both internal taxes and customs management have seen increases,” Orué emphasized in an interview with state media.
The DNIT’s success in boosting revenue is a testament to the institution’s efforts to improve tax collection and management. The increase in revenue is expected to have a positive impact on the country’s economy, providing additional resources for government programs and initiatives.
Tax Collection Efforts Pay Off
The DNIT’s achievement is attributed to its rigorous efforts to improve tax collection and combat tax evasion. The institution has implemented various measures to strengthen tax compliance, including the implementation of new technologies and the optimization of its collection processes.
Orué highlighted the importance of effective tax collection, stating that it is essential for the country’s economic development and prosperity. “We are committed to ensuring that everyone contributes their fair share to the public purse, and we will continue to work towards improving tax compliance and revenue collection,” he said.
Government Support for Economic Growth
The Paraguayan government has reiterated its commitment to supporting economic growth and development through effective tax policies and revenue management. The government has implemented various initiatives aimed at stimulating economic activity, creating jobs, and promoting investment.
President Santiago Peña has expressed his support for the DNIT’s efforts, underscoring the importance of effective tax collection in fostering economic growth and development. The government’s commitment to supporting the country’s economic development is evident in its continued efforts to improve tax policies and revenue management.
Conclusion
The DNIT’s 9% increase in tax collections is a promising development for Paraguay’s economy, marking a significant improvement in revenue collection. The institution’s efforts to improve tax compliance and combat tax evasion have paid off, and the government’s commitment to supporting economic growth and development is evident in its continued support for the DNIT’s initiatives.
As the country continues to work towards economic prosperity, the DNIT’s achievement serves as a testament to the importance of effective tax collection and management in promoting economic growth and development.
Keywords: Paraguay, DNIT, tax collections, revenue, economic growth, development, government support, tax compliance, tax evasion.
Meta Description: Paraguay’s DNIT sees 9% increase in tax collections, boosting revenue to 25.7 billion guaraníes. Learn more about the country’s efforts to improve tax compliance and combat tax evasion.
Header Tags:
H1: Paraguay’s DNIT Sees 9% Increase in Tax Collections, Boosting Revenue to 25.7 Billion Guaraníes
H2: Tax Collection Efforts Pay Off
H2: Government Support for Economic Growth
H2: Conclusion
