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What’s the tax evasion rate in the Dominican republic

Administrative Minister of the Presidency Jose Ramon Peralta has been prompt to state that ITBIS tax evasion in the country is running at 40%, up from 27%, and a fiscal reform is imminent to compensate for government deficits, as reported in El Nacional. He had stated earlier that the government would be holding talks for the signing of a Fiscal Pact before the conclusion of the Electricity Pact.

Media reports point out that Peralta’s statements contradict Tax Agency director Guarocuya Felix, who has stated that ITBIS evasion is at 29.7%, using data from 2010 provided by the Centro Interamericano de Administraciones Tributarias (CIAT).

Recently, the DGII reported that ITBIS collections for the January-May 2016 period were up 8.4% compared to the same period in 2015. According to data from the International Monetary Fund and the CIAT, average ITBIS or similar tax collection rates for the Latin American region are 31.8%.

Source: DR1, Elcaribe

June 10, 2016

Category: DR News |

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Last updated December 8, 2016 at 12:39 AM
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