LIMA (Dow Jones)--Peru's overall central government tax and customs collections have ended their slide, posting the first monthly increase this year in November, the government said.
Combined tax and customs collections rose a real 2.3% to 4.36 billion soles (US$1.52 billion) in November, the government's tax agency Sunat said Wednesday.
Tax collections posted a real gain of 9.7% in November to reach PEN3.86 billion, while customs revenue continued to decline in November, falling by 12.1% in real terms in November to PEN1.29 billion.
The overall number for collections can be less than the addition of tax revenue and customs revenue due to tax refunds.
Tax and customs collections have weakened alongside anemic economic growth in Peru this year.
The agency said that in the first 11 months of the year, tax collections were down a real 7.3% over the same month a year earlier to PEN41.37 billion. Customs collections in the same period were down a real 24.8% to PEN13.20 billion.
The Sunat said income tax collections rose in November, by a real 0.3% to PEN1.56 billion, while collections of the value-added tax, or IGV, were PEN2.58 billion, an increase of 1.4% in real terms from the previous year period.
Peru's gross domestic product contracted in the third quarter, but economists expect an expansion in the fourth quarter and into 2010.
Source: wsj.com/
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