At the end of July, the Collectivity recorded a decrease of 11,58 million euros in its tax revenue (-19%) compared to last year at the same period. In August, the gap continued to widen. The COM has recovered 14,58 million euros less, or 52,6 million against 67,19 million euros since the beginning of the year.
More than half of the shortfall is due to a drop in revenue from the TGCA and corporate tax, the two main revenue of the COM. As of August 31, 8,21 million euros in corporation tax were collected against 12 million last year.
The TGCA reported during the first eight months of the year 12,87 million euros, or 4,1 million euros less than in 2019. If the amounts declared in January and February are identical to those of the last year (or even higher by some 168 euros this year), they have been falling since the start of the health crisis in the region.
Between March and August, 9,24 million euros of TGCA were collected against 13,51 million last year (-4,27 million).
The most significant decrease is observed in April (entire month of confinement) with a difference of 1,7 million compared to April 2019 then in May (-1,1 million). April is also the month with the least revenue (970 euros). These then increased (+ 000% in May compared to April, + 8% in June compared to May) then fell again (- 85% in July compared to June, - 9% in August compared to to July). However, they remain a quarter lower in June and August and a third lower in July compared to 34.
Between March and August 2020, the average amount collected by the COM is 1,54 million euros per month against 2,25 million last year, or 712 euros of TGCA declared less monthly, which corresponds to a monthly turnover of 660 million unrealized compared to last year during this period.
(soualigapost.com)
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