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Tax head wants Dominicans to pay more property taxes

The director general of the Tax Agency (DGII) Guarocuya Felix says that total property taxes (IPI) paid in the Dominican Republic are “insignificant.” He proposed that the discussion of the fiscal pact that was suggested as part of the National Development Strategy Law should start with an overhaul of the national property registry. Felix commented that in Organization for Economic Co-operation and Development (OECD) member countries, property taxes amount to 2.8% of the Gross Domestic Product, and in Latin America in general it is 0.8% of the region. However, the IPI in the Dominican Republic is only RD$1.36 billion, or around US$35 million out of a total GDP of US$58 billion, as reported in Listin Diario.

Source: DR1

Category: DR News |

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Last updated December 8, 2016 at 12:39 AM
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