NewsWhore
04-30-2008, 02:30 PM
Issachart Burgos, president of the Confederation of Small and Medium-sized Companies (Codopyme) is calling on the Senate to pass the small business incentives bill that recently passed in the Chamber of Deputies, as reported in Hoy. The bill releases small businesses from several requirements for payment of social security and taxes. Burgos said that many small businesses, unable to cope with all the new red tape, would have to close if the facility is not passed. The bill was submitted to Congress by President Leonel Fernandez.
A report prepared by the Social Security Treasury (TSS) says that companies with less than 15 employees make up 80% of companies registered with the government entity. As of 31 March 2008, 37,275 companies had registered with the social security department. Of these, 29,875 are small companies. Listin Diario points out that many more companies are not registered. The TSS estimates that 55% of all companies doing business in the DR do so informally.
More... (http://www.dr1.com/index.html#6)
A report prepared by the Social Security Treasury (TSS) says that companies with less than 15 employees make up 80% of companies registered with the government entity. As of 31 March 2008, 37,275 companies had registered with the social security department. Of these, 29,875 are small companies. Listin Diario points out that many more companies are not registered. The TSS estimates that 55% of all companies doing business in the DR do so informally.
More... (http://www.dr1.com/index.html#6)