NewsWhore
07-09-2009, 03:30 PM
The Department of Taxes (DGII) has reported a 2% shortfall in tax revenues for the first half of the year. The missing RD$1.34 billion represents a 2% drop in what was budgeted for the period.
According to El Caribe, the office collected RD$77.98 billion and it had expected to collect RD$79.32 billion.
Hoy newspaper looked at the same news in a slightly more optimistic way as it said that June was the best tax collection month so far this year. Hoy noted that collections "only fell by 4.49% as opposed to the 10.9% decrease in February and the 10.4% decrease in May." The newspaper optimistically says that "this leads one to think that the tax collection agency has reversed the trend of falling collections."
In absolute terms, the decrease in collections was RD$8.12 billion less than during the same period last year. However, the DGII says that the numbers seem to indicate signs of recovery, since June's collections reflect a possible change in the previous month trends.
The data is contained in the Report on Collections June 2009 prepared by the Department of Economic Studies at the DGII. The document highlights the growth in the Income Tax collections that brought in RD$4.25 billion, a RD$363 million increase over the previous year. The report also stressed that the DGII had met 99.6% of its objectives for the month of June.
More... (http://www.dr1.com/index.html#5)
According to El Caribe, the office collected RD$77.98 billion and it had expected to collect RD$79.32 billion.
Hoy newspaper looked at the same news in a slightly more optimistic way as it said that June was the best tax collection month so far this year. Hoy noted that collections "only fell by 4.49% as opposed to the 10.9% decrease in February and the 10.4% decrease in May." The newspaper optimistically says that "this leads one to think that the tax collection agency has reversed the trend of falling collections."
In absolute terms, the decrease in collections was RD$8.12 billion less than during the same period last year. However, the DGII says that the numbers seem to indicate signs of recovery, since June's collections reflect a possible change in the previous month trends.
The data is contained in the Report on Collections June 2009 prepared by the Department of Economic Studies at the DGII. The document highlights the growth in the Income Tax collections that brought in RD$4.25 billion, a RD$363 million increase over the previous year. The report also stressed that the DGII had met 99.6% of its objectives for the month of June.
More... (http://www.dr1.com/index.html#5)