Duty free gift period to begin for Dominicans
The Customs Office has announced that the Christmas duty-free period for returning Dominicans will start on 1 December 2014. The tax exemption on gifts valued up to US$3,000 will remain in effect until 7 January 2015. The legal base for the exemption is Law 9-96 that had authorized gifts for up to US$1,000.
The exemption is granted to Dominicans living overseas who have not been in the country for the last six months. As the airlines restrict the amount of luggage that can be transported over the holidays, the gifts can also be sent separately to the country and then collected when the visitor arrives.
Last year 1,412 people made the most of the Customs deal and saved themselves over RD$25 million in taxes.
Source: DR1, ListinDiario
Category: DR News |