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BCR: Peru's general sales tax collection up 13.1% in July

09:18 | Lima, Aug. 21.

Peru's General Sales Tax (IGV) collection increased 13.1% in July 2018 compared to the same month last year, Central Reserve Bank (BCR) reported.

According to the issuing entity, this rise was boosted by higher collection of both, domestic (12.9%) and external (13.3%) IGV.

"It must be noted (that) in the last 10 months IGV collection has been registering positive growth rates, particularly higher-than-double-digit rates since April of the current year," BCR pointed out.

Last July, the increase in IGV revenue was explained by an improved economic activity.

Greater collection —due to external IGV— reflects higher imports of fuel (43%) and industry inputs (20.2%), mainly chemical-pharmaceutical products, within the context of dynamism in the economic activity.

(END) MDV/MDV/DTK /MVB

Published: 8/21/2018

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BCR: Peru's general sales tax collection up 13.1% in July

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