Government wont eliminate fuel taxes

[NewsWhore]

Hacienda MinisterVicente Bengoa told reporters over the weekend that the government is not able to cut taxes on fuels because the money it receives goes to pay the foreign debt. While denying that the government is thinking about increasing taxes (a new tax reform package), Bengoa said that after the income generated by ITBIS (16% value added tax on goods and services), the income from taxes on diesel and other fuels makes up the second largest source of income for the government. Diesel alone generates RD$11.5 billion and aviation fuel produces RD$3.5 billion. He described recent rumors about a new tax reform as politically motivated.

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