NewsWhore
12-02-2008, 04:10 PM
According to Tax Department (DGII) director Juan Hernandez, the implementation of the Simplified Tax System (PST) will allow for companies to file taxes more efficiently and could transform the DGII. Hernandez says the system will be in place by January 2009 and will include a document that can be accessed online. The PST will allow the DGII to be more efficient in its tax collection and could incorporate 70,000 to 80,000 taxpayers into the system. The director said there are two parts to the PST; one based on local industrial purchases less than RD$30 million per year and a second based on revenues of under RD$6.5 million.
Hernandez says that the benefit of this new system is that taxpayers won't have to worry as much about "keeping their books" in order to pay taxes, pay taxes ahead of time or paying taxes on assets. A similar system is used in Chile and in Spain. The DGII has become increasingly efficient in the area of tax collection in recent years, after implementing new tax collection mechanisms that have succeeded in reducing tax evasion. For more in formation on the PST click here: www.dgii.gov.do/pst/Paginas/default.aspx (http://www.dgii.gov.do/pst/Paginas/default.aspx)
More... (http://www.dr1.com/index.html#2)
Hernandez says that the benefit of this new system is that taxpayers won't have to worry as much about "keeping their books" in order to pay taxes, pay taxes ahead of time or paying taxes on assets. A similar system is used in Chile and in Spain. The DGII has become increasingly efficient in the area of tax collection in recent years, after implementing new tax collection mechanisms that have succeeded in reducing tax evasion. For more in formation on the PST click here: www.dgii.gov.do/pst/Paginas/default.aspx (http://www.dgii.gov.do/pst/Paginas/default.aspx)
More... (http://www.dr1.com/index.html#2)