A. M. 
The Ministry of Finance’s tax revenues for september 2024 have shown remarkable growth, reaching a total of US$5,660.5 million. This figure represents an increase of 7.8% compared to the same period last year, which is equivalent to an absolute increase of US$411.5 million. In addition, revenues exceeded budget projections by 4.8%, which translates into an additional US$261.6 million.
Among the different types of taxes, Value Added Tax (VAT) stands out as the most significant. In September 2024, VAT collection reached US$2,593.8 million, representing an increase of 9.9% over 2023. This growth suggests an improvement in consumption and economic activity in general, which translates into a greater collection capacity on the part of the State.
Income Tax (ISR) has also registered a positive performance, with a collection of US$2,507.2 million, which implies an increase of 8.3% over the previous year. This increase could reflect a growth in the income of individuals and companies, evidencing a more dynamic economic environment.
Selective taxes, which are levied on products such as alcoholic beverages, beer, cigarettes, and soft drinks, have collected US$174.6 million, an increase of 0.9%. Although this increase is more modest compared to other taxes, it is still a significant contribution to total revenue, indicating stability in the consumption of these products.
Tax revenues are complemented by other concepts such as import duties, selective consumption taxes, and special contributions. These taxes, together with those related to real estate transfers, tourism, and migration, contribute to the State’s coffers in different ways, evidencing the complexity and plurality of the tax system.
