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TAJ reports $19.6 billion in collections for August

Published:Friday | September 16, 2016 | 9:25 PM

Tax Administration Jamaica (TAJ) is reporting that it has seen an increase in revenue collection for the month of August.

The TAJ says preliminary figures show that it collected $19.6 billion, which is 2.3 per cent over the target of $19.2 billion.

The agency notes that the positive performance continues the trend which was set in the first-quarter of this financial year.

It notes that collections for the period April to June, when averaged, stood at 108.5 per cent of the $61.9 billion target.

The TAJ says July collections continued the upward movement as $19.3 billion of the $191.1 billion target was met.

The authority says as a result, the year to date net collections now stand at 106 point 4 billion dollars of the $100.2 billion projected for the period.

It says this represents an increase of 6.3 per cent.