LatinNews Daily - 22 May 2017

Uruguay: The national tax authorities (DGI) have reported that the tax intake increased by 5.3% to reach Ur$108.37bn (US$3.8bn) in the first quarter. A DGI report highlights that the increased tax revenue in the first quarter was driven by increases in revenues produced by the value added tax (VAT) and the Imesi excise tax levied on alcoholic and soft drinks, which suggests an increase in domestic consumption. Another factor was the increase in the income tax rate (IRPF) introduced as part of the government’s fiscal reform carried out last year.

End of preview - This article contains approximately 213 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

• Subscribe
• Sign up for a one-time, 14-day trial