In the first half of 2025, revenues recorded an average cumulative growth in constant terms of 6.4%, and virtually all countries (21 out of 22) reported increases in tax collection. By tax type, the average performance across countries by year-end is positive in all categories, with a 7.7% increase in income tax and growth in VAT (4.2%), excise taxes (0.9%), and other taxes (8.7%). Latin America and the Caribbean recorded a revenue increase of +5.9% compared to 2024, slightly lower than the average for the group of CIAT countries included in our database.

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