Colombia’s tax authority DIAN said it collected 65.2 trillion Colombian pesos ($33.96 billion) in taxes last year, adding that more revenue from taxes on imports helped it exceed its target.
DIAN said the 2010 figure is a 2.2% increase from last year’s haul and that the total also beat the 2010 target collection of COP64.24 trillion.
According to preliminary data, DIAN said it took in COP51.3 trillion in taxes domestically, while COP13.9 trillion were foreign, mostly in the form of tariffs and value-added taxes on imports. The foreign contribution was a 12.6% jump from 2009’s collection of COP12.3 trillion, DIAN said.
In early 2010, DIAN reported a tax collection target of COP69.7 trillion. Officials at the tax agency weren’t immediately available Monday to comment on the difference between tax collection targets reported then and now.
Last week, the office of President Juan Manuel Santos announced plans to increase the number of people required to pay taxes on personal assets as a way to help pay for recovery efforts from the worst rainy seasons in years, which caused massive flooding and killed about 300 people. (Dan Molinski / Dow Jones Newswires)