The Impact of COVID-19 on Formal Firms in Honduras : Evidence from Monthly Tax Returns (English)

We measure the impact of the COVID-19 (coronavirus) crisis and the resulting lockdown on formal firms in Honduras, using monthly value-added tax records for January 2018 to August 2020. Firms' revenue fell by 26 percent, or 342.6 billion lempiras (USD 14.3 billion), in real terms between March and August 2020 and the same period in 2019. Sectors subject to stricter containment measures experienced larger revenue losses. The service sector was the...

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Author

Bachas,Pierre Jean;

Brockmeyer,Anne;

Semelet,Camille Marine;
Document Date
2021/01/01
Document Type
Brief
Report Number
156174
Volume No
1
Total Volume(s)
1
Country
Honduras,
Region
Latin America and Caribbean,
Disclosure Date
2021/01/27
Disclosure Status
Disclosed
Doc Name
The Impact of COVID-19 on Formal Firms in Honduras : Evidence from Monthly Tax Returns
Keywords
value-added tax

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Citation

Bachas,Pierre Jean; Brockmeyer,Anne; Semelet,Camille Marine.

The Impact of COVID-19 on Formal Firms in Honduras : Evidence from Monthly Tax Returns (English). MTI Practice Note|no. 9L Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/326461611769500203

The Impact of COVID-19 on Formal Firms in Honduras : Evidence from Monthly Tax Returns (English)

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