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Retailers demand an end to ‘tax distortions’

Santo Domingo.- The country’s retailers grouped in the ONEC on Tuesday asked president Danilo Medina to eliminate the country’s tax distortions, which, among other things, provides tax breaks to companies operating outside the territory, which in their view nether create jobs nor contribute to the economy nor to development.

“Our businesses, our employees, our suppliers today struggle for their survival, we’re not competing on equal terms,” said ONEC chairman Ernesto Martínez in an open letter to Medina, signed by 21 business groups nationwide.

He said urgent measures are needed to correct at once the serious distortions contained in Decree 402-05, which provides generalized tax exemptions to companies operating outside the country, and don’t create any jobs or pay taxes within the Dominican Republic.

Martinez added that more than 25 business and associations that represent the country’s productive sectors requested equal tax status in November last year.

Source: DT

Category: DR News |

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Last updated October 22, 2016 at 2:00 PM
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