The principal objective of the program is to improve tax revenue levels in order to create the fiscal space needed to finance priority expenditures. The program supports the Honduran government¿s decision to restructure tax and customs administration, for which purpose it is creating the SAR to replace the current DEI. This support will be provided through: (i) the revision and updating of taxation processes in accordance with the Honduran legal framework; (ii) modernization of the SAR¿s technological infrastructure and systems; and (iii) strengthening of the SAR¿s human resources.
|Sector||REFORM / MODERNIZATION OF THE STATE|
|Subsector||REFORM / MODERNIZATION OF THE STATE-REVENUE ADMINISTRATION|
|Project Type||Loan Operation|
|Environmental and Social Impact Category||C|
|Approval Date||SEP 21, 2015|
|Contract Signature Date||JAN 27, 2016|
|IDB Financing *||27.00|
|Total Cost H||USD 40,000,000|
|Country Counterpart Financing||USD 13,000,000|
|Reporting currency||USD - United States Dollar|
|Reporting Date||OCT 31, 2017|
|Undisbursed Amount H||USD 23,344,830|
|Disbursed to Date R||USD 3,655,170|
|Amount Outstanding R||USD 3,655,170|
|Income Collected R||USD 166,477|
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