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RD$5.4B revenue from all-inclusive hotels

Santo Domingo. – The Internal Taxes Agency (DGII) on Tuesday reported hotel sector revenue of RD$5.4 billion from the ITBIS tax levied on tourists and RD$1.2 billion from  employees’ income taxes in 2012.

The figures promoted DGII director Guarocuya Felix to announce progress in negotiations with the “All-Inclusive” hotel sector to agree on the Advanced Pricing Agreements (APA’s) as the appropriate criteria to determine transfer prices applicable to transactions relating to transnational companies, as a base for the hotel industry’s tax compliance.

As an example the official said it’s the hoteliers themselves who are currently negotiating APAs and want an effective enforcement of the ordinary tax formula for the sector.

At a gathering of the Tourism Press Association, Adompretur, Felix said RD$6.6 billion in revenue was raised from the “All-inclusive” hotels and RD$5.4 billion from ITBIS on tourists and employee income tax in 2012.

Felix said the latter figure accounts for 82% of total revenue from that economic sector for that year, adding that RD$1.2 billion were raised from direct taxes on businesses.

Source: DT

Category: DR News |

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Last updated December 5, 2016 at 5:41 PM
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