ESPACIO PUBLICITARIO
CARACAS, Tuesday June 24, 2014 | Update
 
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Fewer imports harm customs duties

Tax and duties collection lowers 10.4%

Customs brokers point out that clearance sank 95% (File photo)
MAYELA ARMAS H. , ROBERTO DENIZ |  EL UNIVERSAL
Tuesday June 24, 2014  06:28 AM
Fewer imports in 2014 have impacted tax collection in Venezuela.

Official numbers reveal that in the first four-month period of 2014, allocation of foreign currency for imports climbed to USD 5.4 billion, lower than the amount allocated in 2013. And such behavior of the authorizations for import of goods and machinery necessary for production is having an impact on other items.

While overall tax collection has grown, revenues on account of customs duties and services have diminished.

The numbers of the Integrated National Customs and Tax Administration Service (Seniat) show that in January-May 2014, funds on account of customs income amounted to USD 1.2 billion, or 10.4% below USD 1.4 billion the same term last year.

Recently, Rusvel Gutiérrez, the head of the Chamber of Customs and Industrial Agents in Vargas state (Caduainco), said that only in La Guaira port, "customs clearance related to private imports plunged almost 95%."
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