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IMF to support Honduran tax exemptions review

Friday, February 12, 2016

The International Monetary Fund is to send a team of experts to Honduras in early March to review the tax exemptions employed by the Government, the head of the Executive Directorate of Revenue, Miriam Guzman, said.

Guzman said that tax exemptions, which are used to attract investment in certain sectors and to stimulate production and employment, cost the Government around $900 million in uncollected revenue each year.

Source: Tax-News