Dominican government eases some taxes, shores up others
Santo Domingo.- . The proposed tax reform was subjected to several changes after the bicameral committee debated it for seven hours Wednesday, and will be consulted Thursday with the government’s economic team.
Among the changes figure removed from the terms of the articles on incentives to companies operating in the area near the Haiti border, with a commitment to amend the law within 90 days.
The commissioners also removed the taxes on beauty salons and hairdressers, while maintaining the extension of the sales tax on coffee, sugar, chocolate and other consumer products.
??Changes were also made to the levies on informal businesses, for which that only those whose purchase volume is higher than RD$50,000 monthly will be taxed. Also eliminated was the 10% obligatory tip in restaurants.
Meanwhile the tax on alcoholic beverages and selective consumption remains unchanged,
The Commission decided to lower the tax on the free zones’ local sales from 5% to 3.5%.
Source: Dominican Today
Category: DR News |