April 2023

Collection: Government Financials
Sub-shelf: BIR Tax Collection Reports
Kind: Financial Report
Date: 2023
Topics: Public Finance
Pages: 1
Text: Native Text

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BUREAU OF INTERNAL REVENUE FISCAL YEAR 2023 APRIL MONTHLY COLLECTION REPORT Collection Collection Cummulative Collection Collection Cummulative Collection Collection Cummulative Collection Collection Collection Cummulative Cummulative Cummulative FY 2022 FY 2023 FY 2023 FY 2022 FY 2023 FY 2023 FY 2022 FY 2023 FY 2023 FY 2022 FY 2023 FY 2022 & FY 2023 % FY 2022 FY 2023 FY 2022 & FY 2023 % Apr-22 Apr-23 Apr-23 Apr-22 Apr-23 Apr-23 Apr-22 Apr-23 Apr-23 Apr-22 Apr-23 Difference INC/DEC Apr-22 Apr-23 Difference INC/DEC Individual Income 11,916,983.09 $ 39,252,970.82 $ 68,988,759.17 $ 3,964,698.17 $ 2,242,243.24 $ 3,056,337.60 $ 9,300,405.31 $ 5,770,083.58 $ 13,353,260.98 $ 25,182,086.57 $ 47,265,297.64 $ 22,083,211.07 $ 88% 50,922,092.94 $ 85,398,357.75 $ 34,476,264.81 $ 68% Estimated Tax 2,191,552.91 $ 2,979,284.41 $ 20,799,551.48 $ 391,992.00 $ 350,618.00 $ 1,731,265.00 $ 7,228,588.75 $ 1,139,379.17 $ 11,412,848.30 $ 9,812,133.66 $ 4,469,281.58 $ (5,342,852.08) $ -54% 32,378,568.22 $ 33,943,664.78 $ 1,565,096.56 $ 5% Withholding Tax 9,139,015.55 $ 11,637,901.52 $ 89,252,321.87 $ 329,082.62 $ 347,898.68 $ 2,495,297.60 $ 3,202,255.44 $ 4,764,183.33 $ 33,646,362.87 $ 12,670,353.61 $ 16,749,983.53 $ 4,079,629.92 $ 32% 122,725,211.35 $ 125,393,982.34 $ 2,668,770.99 $ 2% Individual Extension 85,947,262.26 $ 37,074,884.24 $ 37,452,706.09 $ 4,069,924.00 $ 586,442.00 $ 586,442.00 $ 14,408,674.18 $ 18,894,736.65 $ 18,934,836.65 $ 104,425,860.44 $ 56,556,062.89 $ (47,869,797.55) $ -46% 107,712,755.44 $ 56,973,984.74 $ (50,738,770.70) $ -47% Military (Riemb) - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 0% - $ - $ - $ 0% Individual Income Tax Sub-Total 109,194,813.81 90,945,040.99 216,493,338.61 8,755,696.79 3,527,201.92 7,869,342.20 34,139,923.68 30,568,382.73 77,347,308.80 152,090,434.28 125,040,625.64 (27,049,808.64) $ -18% 313,738,627.95 301,709,989.61 12,028,638.34 -4% Corporate Income 1,967,859.21 $ 2,262,578.59 $ 9,741,836.44 $ 59,234.16 $ 55,758.00 $ 64,631.00 $ 1,153,953.98 $ 209,167.00 $ 914,672.45 $ 3,181,047.35 $ 2,527,503.59 $ (653,543.76) $ -21% 25,527,775.13 $ 10,721,139.89 $ (14,806,635.24) $ -58% Corporate Estimated 1,776,478.00 $ 682,057.63 $ 9,724,843.56 $ 6,192.00 $ - $ 14,119.00 $ 4,588,438.31 $ 464,641.00 $ 4,277,690.00 $ 6,371,108.31 $ 1,146,698.63 $ (5,224,409.68) $ -82% 18,501,232.71 $ 14,016,652.56 $ (4,484,580.15) $ -24% Corporate Extension 31,082,360.92 $ 4,006,766.54 $ 27,851,259.71 $ 26,000.00 $ 32,000.00 $ 32,000.00 $ 4,359,259.00 $ 3,979,269.00 $ 4,095,353.00 $ 35,467,619.92 $ 8,018,035.54 $ (27,449,584.38) $ -77% 39,884,603.92 $ 31,978,612.71 $ (7,905,991.21) $ -20% Corporate Income Tax Sub-Total 34,826,698.13 6,951,402.76 47,317,939.71 91,426.16 87,758.00 110,750.00 10,101,651.29 4,653,077.00 9,287,715.45 45,019,775.58 11,692,237.76 (33,327,537.82) $ -74% 83,913,611.76 56,716,405.16 27,197,206.60 -32% Total Income Taxes 144,021,511.94 97,896,443.75 263,811,278.32 8,847,122.95 3,614,959.92 7,980,092.20 44,241,574.97 35,221,459.73 86,635,024.25 197,110,209.86 136,732,863.40 (60,377,346.46) $ -31% 397,652,239.71 358,426,394.77 39,225,844.94 -10% Gross Receipts Tax* ` 15,208,527.17 $ 11,001,005.76 $ 80,030,254.19 $ 684,383.43 $ 1,073,358.07 $ 6,894,871.15 $ 4,127,075.97 $ 2,938,455.17 $ 32,325,102.47 $ 20,019,986.57 $ 15,012,819.00 $ (5,007,167.57) $ -25% 129,860,721.58 $ 119,250,227.81 $ (10,610,493.77) $ -8% Excise Tax 2,564,821.29 $ 2,426,738.80 $ 20,106,047.26 $ - $ 13.00 $ 121.00 $ 293,055.63 $ 276,112.53 $ 2,082,594.78 $ 2,857,876.92 $ 2,702,864.33 $ (155,012.59) $ -5% 21,257,133.17 $ 22,188,763.04 $ 931,629.87 $ 4% Entertainment Tax - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 0% - $ - $ - $ 0% Franchise Fee - $ - $ 329,071.15 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 0% 353,858.21 $ 329,071.15 $ (24,787.06) $ -7% Miscellaneous, Photo Copy, Etc. 1,192.50 $ 1,522.00 $ 16,376.00 $ - $ - $ - $ 2,058.00 $ 990.70 $ 7,345.20 $ 3,250.50 $ 2,512.70 $ (737.80) $ -23% 32,145.11 $ 23,721.20 $ (8,423.91) $ -26% Environmental Infrastructure Impact Fee 85% 237,532.50 $ - $ 2,164,355.03 $ - $ - $ 2,082.50 $ - $ 5,950.00 $ 10,795.00 $ 237,532.50 $ 5,950.00 $ (231,582.50) $ -97% 2,474,078.43 $ 2,177,232.53 $ (296,845.89) $ -12% Total Other General Fund Taxes 18,012,073.46 13,429,266.56 102,646,103.63 684,383.43 1,073,371.07 6,897,074.65 4,422,189.60 3,221,508.40 34,425,837.45 23,118,646.49 17,724,146.03 (5,394,500.46) $ -23% 153,977,936.50 143,969,015.73 10,008,920.76 -7% 162,033,585.40 111,325,710.31 366,457,381.95 9,531,506.38 4,688,330.99 14,877,166.85 48,663,764.57 38,442,968.13 121,060,861.70 220,228,856.35 154,457,009.43 (65,771,846.92) $ -30% 551,630,176.21 502,395,410.50 49,234,765.70 -9% Special Funds Fuel Tax (Transportation Fund/WAPA Instructure)*** 92,010.86 $ 171,016.58 $ 1,127,336.88 $ - $ - $ - $ 9,240.00 $ 192,528.56 $ 1,279,153.41 $ 101,250.86 $ 363,545.14 $ 262,294.28 $ 259% 2,341,228.10 $ 2,406,490.29 $ 65,262.19 $ 3% Highway Users' Tax (Transportation Fund) 157,185.92 $ 110,351.54 $ 1,294,133.48 $ 57,420.32 $ 9,140.32 $ 115,910.08 $ 142,624.64 $ 106,190.40 $ 927,090.72 $ 357,230.88 $ 225,682.26 $ (131,548.62) $ -37% 2,501,578.36 $ 2,337,134.28 $ (164,444.08) $ -7% Hotel Room Tax 3,235,951.28 $ 1,674,352.83 $ 8,710,499.39 $ 563,061.52 $ 160,158.70 $ 546,183.85 $ 483,517.16 $ 442,516.84 $ 2,088,082.47 $ 4,282,529.96 $ 2,277,028.37 $ (2,005,501.59) $ -47% 9,897,657.86 $ 11,344,765.71 $ 1,447,107.85 $ 15% Other Lodging (Hotel Room Tax) 1,424,994.33 $ 644,947.57 $ 6,436,767.04 $ 377,211.46 $ 449,171.29 $ 3,368,316.65 $ 104,789.87 $ 78,632.57 $ 598,737.18 $ 1,906,995.66 $ 1,172,751.43 $ (734,244.23) $ 16,997,710.22 $ 10,403,820.87 $ (6,593,889.35) $ Environmental Infrastructure Impact Fee 15% 41,917.50 $ - $ 381,945.01 $ - $ - $ 367.50 $ - $ - $ 855.00 $ 41,917.50 $ - $ (41,917.50) $ -100% 436,602.08 $ 383,167.51 $ (53,434.57) $ -12% Gross Casino (Casino Revenue Fund) - $ - $ - $ - $ - $ - $ 85,168.58 $ 122,239.08 $ 1,268,563.71 $ 85,168.58 $ 122,239.08 $ 37,070.50 $ 44% 1,373,600.32 $ 1,268,563.71 $ (105,036.61) $ -8% Racino - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 0% - $ - $ - $ 0% Lonesome Dove Fund - $ 480,000.00 $ 2,155,000.00 $ - $ - $ - $ - $ - $ - $ - $ 480,000.00 $ 480,000.00 $ 0% 640,000.00 $ 2,155,000.00 $ 1,515,000.00 $ 237% Arbitration Deposit - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 0% - $ - $ - $ 0% Production Tax - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 0% - $ - $ - $ 0% Vehicle Rental Surcharge (VI Education Initiative Fund) 63,694.50 $ 24,307.53 $ 611,956.71 $ 17,609.75 $ 29,234.75 $ 220,640.22 $ 81,540.00 $ 80,036.25 $ 446,235.00 $ 162,844.25 $ 133,578.53 $ (29,265.72) $ -18% 1,552,075.67 $ 1,278,831.93 $ (273,243.74) $ -18% Investment Alternative Tax - $ - $ - $ - $ - $ - $ 32,396.59 $ 28,288.50 $ 87,550.27 $ 32,396.59 $ 28,288.50 $ (4,108.09) $ -13% 107,250.27 $ 87,550.27 $ (19,700.00) $ -18% Total Special Funds Revenue 5,015,754.39 3,104,976.05 20,717,638.51 1,015,303.05 647,705.06 4,251,418.30 939,276.84 1,050,432.20 6,696,267.76 6,970,334.28 4,803,113.31 (2,167,220.97) $ -31% 35,847,702.88 31,665,324.57 4,182,378.31 -12% TOTAL MONTHLY REVENUE COLLECTIONS 167,049,339.79 $ 114,430,686.36 $ 387,175,020.46 $ 10,546,809.43 $ 5,336,036.05 $ 19,128,585.15 $ 49,603,041.41 $ 39,493,400.33 $ 127,757,129.46 $ 227,199,190.63 $ 159,260,122.74 $ (67,939,067.89) $ -30% 587,477,879.08 $ 534,060,735.07 $ (53,417,144.01) $ -9% Total of All Islands Class of Tax Total General Fund Revenue St. Thomas St. John St. Croix