Paraguay closed August with lower tax collection than in 2018

Paraguayan Customs raised 947 billion guaraníes (more than 650 million dollars) in August, less than the 18 guaraníes (almost 880 million dollars) of the same month in 164, according to data from the National Customs Directorate (DNA). These data underline that The amount received was -7 percent below the income recorded in August of the previous year.

However, DNA indicates that the resources received are the second largest collection achieved so far this year.

This figure (947 billion guaraníes) is well above the average customs revenue for the same month in the last three years: 650 billion guaraníes (around 896 million dollars).

Similarly, the customs entity states that the average daily collection of 45 million guaraníes (more than 126 million dollars) obtained in the month, is positioned as the highest average collection achieved so far in 87.

Thus, the amount collected by the eighth month of the year amounted to six million 882 thousand 786 million guaraníes (more than one million dollars), 3,2 percent below the figure reached in the same period of 2018.

The DNA highlighted that the income received this month occurs in a context of a reduction in the volume of foreign trade transactions, with falls in the registered volume of imported goods, around -9,1 percent.

Customs revenues fell less than the decrease in import volumes, as a result of the greater tax efficiency achieved this month, the government agency explained.

Likewise, he stressed, physical volume indicators for foreign trade fell, with decreases in the number of import trucks (-37,6 percent), in the number of import containers (-12,5) and in the number of import operations (-13,9), as a result of the lower volume of imported goods in the period.

The items with the greatest negative impact on August revenues were vehicles, chemical products, capital goods, spare parts (auto parts), fertilizers, tobacco and cigarettes, among others.

Meanwhile, the most positive impact was seen in IT and telecommunications products, fuels and other petroleum derivatives, electronics, beverages, pharmaceutical products and medicines.

Also electrical machinery, apparatus and material, recording or playback apparatus, textile articles (clothing and clothing accessories), clocks and watches and parts thereof, soybeans, footwear and parts thereof, etc.