The collection of the 23 CIAT member countries analyzed in the Report has fallen on average during 2020 by -9.3% (Excise Taxes, -12.1%; Income Taxes (IT), -8.2%; VAT, -7.8%). Latin America and the Caribbean recorded a decline of -10.9% (Excise Taxes, -13.4%; IT, -9.3%; VAT, -7.8%), with the Central American +Dominican Republic region leading the declines (-14.4%), followed by the Caribbean (-12%), Andean countries + Chile (-11.7%) and Mercosur + Mexico (-3.2%). By country, the heterogeneity is significant, from -26.9% in Panama or -22.5% in Honduras, to +8.2% in Morocco (together with Mexico, +0.8%, the only two countries to end the year in positive territory). Econometric analysis of the figures shows that the evolution of tax collection is, in general, clearly correlated with the mobility rates of individuals, especially in the first half of the year. Link to the report 

In order to complement the COVID – 19 Revenue Report (RRC) 2020, CIAT publishes the contents of the COVID – 19 Collection Database. It contains summarized data of the 2020/2019 monthly and cumulative variations both constant and current of the total collection, income taxes (IT), value added taxes (VAT), excise taxes and other revenues.

547 total views, 1 views today