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The budgetary estimates to be presented on Thursday will be debated by the Assembly six days later, according to a statement issued by the assembly spokesman Bobi Odiko last week. Source: Web Site - KRA John Karimi Nijiraini Correspondent

Paraguay - University students participate in competition about taxes. “SET of questions” was implemented in Paraguay The first program of the second cycle of the question and answer contest “Knowledge goes with you” conducted by the journalist, Humberto Rubín, was held on May 15. University students participated in the “SET of questions” section. Its purpose is to encourage the youth to learn about taxes, within the framework of institutionalization of a tax culture in Paraguay. Elizabeth Fernández de Corrales Correspondent

Peru - Growth of the Economy Allowed a 36% Increase in Income Tax Regularization Between January and April revenues from Income Tax Regularization for 2010 amounted to S/. 3 858 million, which represented a 36% increase –directly related to the growth of the national economy- as compared to S/.2 757 million resulting from the previous period. Patricia Jiménez Mayor Correspondent

Peru - Imports Exceeded US$3 Billion of Monthly value in April In April, the value of CIF imports amounted to US$ 3.097 billion, (one US billion is equivalent to one thousand million in other countries), amount which represented a 35% increase with respect to the same month in the previous year; thereby exceeding for the first time the US $ 3 billion of monthly value and establishing a new record, SUNAT reported. Patricia Jiménez Mayor Correspondent

Czech Republic- The Regional Meeting of the Visegrád Six Countries in Prague The regional meeting of the Austrian, Czech, Hungarian, Polish, Slovak and Slovenian Tax Administration was held in Prague on 17 – 19 May 2011. The main topic of discussion was focused on the exchange of experience in the area of tax evasions and carousel frauds on VAT, especially in fuel trading. Source: Web Site Bronislav Mikel Correspondent