As of January VAT increases on basic products
As a result of a law passed in 2012, the VAT (ITBIS) for some basic foods will gradually be increased until 2016. These are products such as coffee, sugar, chocolate, yoghurt, milk, margarine and oil. The ITBIS shall be raised, in January 2015 from 11% to 13%. In 2016 it will be raised to 16%. Especially the poor among the population will suffer because of low wages. A waitress, for example, earns in a bar 7000 pesos per month for often 54 hours per week. With only one day a week off. For the tourist, there is also less good news. The duty on alcoholic beverages has been increased from January 2015.
Both a beer and a Cuba Libre will therefore be at least 5 pesos more expensive.
Source: Sosua News
Category: DR News |