In the last three years (2019-2021), the estimated tax collection efficiency for VAT in the analyzed Latin American and Caribbean (ALC) countries is 55.3%, with the tax gap divided into 18.6% attributed to policy gap generated by tax expenditures and 26% to X inefficiency or non-compliance gap.

During this same period, the estimated tax collection efficiency for Corporate Income Tax is 42.2%, with a portion of the tax gap consisting of 10.9% attributed to policy/tax expenditure gap and 46.9% to X inefficiency.

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