Vol. 34 No.244
       ©2007 Marianas Variety
Friday, February 23, 2007 www.mvariety.com
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$13.5M revenue collections as of Jan 31

By Nazario Rodriguez Jr.
Horizon news staff

The national government’s total revenue collections for the first four months of the current fiscal year from Oct. 1, 2006 to Jan. 31, 2007 amounted to $13,512,900 based on the latest data released by the Ministry of Finance.
Total collection on taxes was pegged at $11,815,400 with the biggest source came from Business Gross Revenue in the amount of $4,975,361.
The other taxes are fish export ($375,174), general import ($2,237,757), fuel excise ($322,705), road use ($156,936), salary and wages ($2,351,117), hotel occupancy ($473,109), traveler’s head ($556,558), delinquent taxes, penalties and interest ($341,146), and all other taxes ($25,537).
Data showed there is 37 percent collections on taxes as compared to the appropriated revenue of $31,786.417 or a balance to collect of $19,971,017 for taxes alone.
Collections on water utilities totaled $224,056.
Collection from licenses and fees was $1,030,384. This included business license and fees ($184,639), fishing right ($41,288), foreign labor permit and fees ($277,211), port use fees ($323,327), other fees and permits ($25,537).
Others came from postal sales and services ($119,266), philatelic sales ($4,633), court fines ($63,150), other fees and fines ($5,935), services on interest earning non-compact ($52,144) and all other revenues ($197,932).