New vehicles to pay more to renew license plates
Santo Domingo.- Internal Taxes (DGII) director Guarocuya Felix on Monday said the new tax on vehicle tags in the proposed fiscal reform would be one percent of its value, but will not affect those over five years old, which will continue to pay the same 1,200 pesos they do now.
He said the tax doesn’t take effect immediately, because the DGII is in the process of renewing tags for 2013, for which it would take effect in 2014.
Speaking on Telesistema Channel 1, the official discarded the argument of double taxation on vehicles, because dozens of other articles already have a double taxation. “What’s happening now is that the tax on tags, the tax on the plate as it’s known would be paying around one percent of the vehicle’s value, which would be depreciated each year depending on the annual table published by Internal Taxes.”
“Vehicles older than five years when this provision takes effect pay what you’re paying now, that’s not subject to such taxation,” Felix said, noting that a tax on carbon dioxide (CO2) emission will also be charged, but only for vehicles brought to the country after the legislation takes effect.
Source: Dominican Today
Category: DR News |