Small business bill

[NewsWhore]

The Dominican Confederation of SMEs (Codopyme) is urging the Senate to pass the bill that creates a new framework for small and medium sized businesses in the DR. The bill passed in the Chamber of Deputies several weeks ago, but has not been put on the Senate agenda. The bill was sent to Congress from the President's Office. "The delay in passing the project is creating serious difficulties for small companies to compete," explained Issaachart Burgos, as leading motivation for the passing the bill. He says that the bill creates a special chapter for very small businesses. Burgos said that a large number of their members might even have to close operations given the fines and complex social security and income tax requirements from the government.

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