Latin America’s tax revenues fell 11.2% in 2020

Total tax revenues in Latin America and the Caribbean decreased by 11.2% in 2020 compared to the previous year due to the impact of the pandemic on tax collection in Latin American economies. The most significant declines observed in excise taxes (-13.7%), followed by income taxes (-9.9%) and VAT (-9.2%), while all other tax revenues fell by 14.2%.

Source: El Deber