Increase from 65 million dollars in relation to the accumulated collection in the same period in 2022. they reflect Current cash income to the cumulative preliminary closing of August 2023, notes the latest report on General Administration for Revenues (DGI) of the Ministry of Economy and Finance (MEF).
In total they are 4,330.8 million dollarscompared to the same period in 2022, which amounted to 4,265.8 million dollars.
Report of the Department of DGI tax studiesdetermines that the preliminary collection of cash at the end of August 2023 achieved 90% of the budget, and preliminarily exceeded the collection for the same period in 2022.
While tax revenue in cash at the accumulated preliminary closing of August 2023 totaled 3,422.1 million dollars.
MEF points out that direct taxes reflect 10.1 million dollars or (0.5%) less, and indirect taxes fall by USD 191.6 million (11.5%), from the planned target at the end of August 2023.
In turn, these Income from cash tax Preliminary accruals for August 2023 also show an increase of $57.0 million compared to accruals for the same period in 2022, data from the revenue management entity shows.
Source: Panama America
I am Jason Root, author with 24 Instant News. I specialize in the Economy section, and have been writing for this sector for the past three years. My work focuses on the latest economic developments around the world and how these developments impact businesses and people’s lives. I also write about current trends in economics, business strategies and investments.
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