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• News

The Week in Review: 22 December  2002 - 04 January 2003
· News Index

 



More expensive. 
Each small box of cigarettes will cost between ¢25 and ¢35 more, approximately. 

New taxes

• Ministerio de Hacienda settles mechanisms for collection

Translated from La Nación
03 January 2003

The Ministerio de Hacienda prepares the collection of the new taxes.

The announcement by, Jorge Wálter Bolaños, who said within the framework that its office settles resolutions, regulations and mechanisms to collect the burdens, of the fiscal emergency of the country.

He explained that the Dirección General de Tributación will have to sharpen the procedures for the collection of the taxes to commercial entities, to interest income and to electronic bets and and casinos.

In some of these cases - that Ministry, added the Minister, will have to write up and publish the regulations, to order and to make the collection.

Although the collection of these taxes will become after the the new regulations are published, its collection is retroactive to the 1st of January.

Other cases

In other cases, as the creation of a tax of ¢5 to all alcohol and the increase of the selective tax of consumption in cigarettes, the collection will take place immediately.

This, because although they do not require a special resolution, the Ministero de Haciendo postponed its application, because the fiscal Law  was only December 27, in the official newspaper the Newspaper, said Bolaños.

Also, next Monday will begin the collection of the increase of a 100 percent in the tariffs of the certifications that the Public Registry emits,

On the other hand, the collection of an additional tariff of a 50 percent to luxury vehicles will become effective as of November, when the collection of the marchamo begins again corresponding to the 2004.

A year of emergency

The new taxes will be in place for twelve months and which Ministerio de Hacienda tries to collect an additional ¢65.000 million. Another ¢35.000 million would come from the saving that will be generated by measures of efficiency and rationing of public costs, also established in the fiscal Law.

With these resources, the Government looks for to trim the fiscal deficit in the public sector, with a unbalance of  ¢331.200 million between income and expenses that the last year.

Like part of the emergency measures, at the end of this month the ministries and independent institutions will have to give to Ministerio de Hacienda a plan to hold their expenses in the 2003.

The directive of the Government orders them not raise their costs to not more than 5.9 percent with respect to that of 2002, to the end of saving another ¢120.000 million.

While, the Executive authority lists the call to extraordinary sessions of the Congress (the 20 of January) of three projects that comprise of the permanent solutions to fiscal deficit, which will be studied by the members of the special commission.

Among them, it emphasizes an initiative that reforms the tax to interest. The idea is that the same percentage of this tax is applied to all the income, independent of the source of such.

The governmental goal is to lower the fiscal deficit to a 3.1 percent of the gross internal product (PIB), in this year. Now it represents a 5.5 percent.

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