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Cuba Will Tune Tax Controls in 2018, Assures the Government

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Havana, Cuba.- The tax administration in Cuba plans to make over five thousand in-depth fiscalization actions in 2018, announced deputy Minister of Finance and Prices, Meisi Bolaños.

Studies of the entity support the existence of breaches of the law due to ‘certain harmful practices to pay less’ and ‘evasive conducts’, said the economist in statements to the press.

‘We are not speaking, of course of ontributors in general, but of some who have pretended to evade the payment of obligations they have with the State’.

As she recalled, the taxes, rates and contributions will contribute 75 percent of the revenues planned by the national budget for the present fiscal year, validating the collection capacity of the present tax system, whose gradual

Implementation started in 2013. In 2018, it is expected to collect 57 billion 200 million pesos (equivalent to US dollars at the oficial rate), of which 43 billion 51 million pesos must come from tax collection, said the specialist.

However, the resources coming in will be insufficient to finance all planned expenses for 68 billion 625 million pesos, forecasting a top fiscal deficit of about 11 billion 700 million, according to the budget law.

The calculations exposed mark the importance of reinforcing fiscal discipline

and the compliance of diretives for the business sector, in order to achieve the most collection possible of generated resources, estimated Bolaños.

In the expert’s opinión, more opportune and objective answers are needed on the part of the business system, the forms of non-state management and the population faing the tax obligations.

The most important allotments go to finance the free services of education, health, culture, sports and social assistance for all citizens. The news is very ‘satisfactory’ that Cuba ended 2017 with an infant mortality rate of four percent; ‘it is an achievement of medicine, backed by the Plan of the Economy as in the Budget for the attention of the mother-child program’, she valued.

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