US$458.1M in taxes, but rum, beer, tobacco sales sag
Santo Domingo.- The Internal Taxes Agency (DGII) raised RD$19.7 billion (US$458.1 million) from levies on alcoholic beverages and tobacco products in 2013, but the revenue trend however shows an annual growth rate lower than the inflation since 2011.
The revenues are either stagnant or declining, according to the Central Bank quarterly report that shows cigarettes production fell by 20 percent, from 128.4 million, 20-unit packs, to 102.9 million between 2008 and 2012.
Rum production shows a similar trend, falling 5% between 2008 and 2012, from 28.1 million to 22.3 million liters.
Beer production also took a dive although to a lesser extent falling 4% In 2012, when production was 470.3 million litres.
DGII statistics also confirm a fall in the number of litres of alcohol declared to pay taxes.
Between 2008 and 2013, the litres of pure alcohol, rum and beer fell 2.94% and 12.04%, respectively, while the number of cigarettes declared plummeted by 33.14%, according to Phillip Morris Dominicana.
Category: DR News |