* Uruguay’s tax authority (DGI) has reported that the net tax take for the month of August was Ur$36.1bn (US$848m), a 2.6% year-on-year fall. This was the fifth consecutive month in which the DGI’s net tax take has decreased after falling 9.9% in April; 19.2% in May; 3.4% in June; and 0.3% in July. The negative trend is attributed to the fall in economic activity in the country stemming from the coronavirus (Covid-19) pandemic. According to a DGI report, there was a 33.9% annual increase in the Impuesto Específico Interno (
Imesi) tax levied on goods including petrol fuel, vehicle purchases, alcoholic drinks, and tobacco. However, the increase in the
Imesi could not offset the 4.1% fall in the value-added tax (VAT) take reported in August.
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