NewsWhore
11-12-2008, 03:50 PM
While experts keep warning the international financial crisis will soon be felt on the home front, Listin Diario writes that consumer sales remain high. According to the newspaper, government collection of ITBIS taxes, the local value-added tax, was up in October 2008, indicating that consumers are still spending their money. ITBIS tax is a key indicator of consumer trends in the DR. Between January and September collections grew by 15% for a total of RD$56.54 million, compared to the RD$48.87 million collected in 2007. Tax collection through Customs and DGII totaled RD$60.58 million (RD$27.74 million from Customs and RDD$33.84 million from DGII). Customs taxes increase by RD$3.35 million while DGII tax collections grew by RD$4.23 million, compared to figures from the same period in 2007.
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More... (http://www.dr1.com/index.html#7)