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View Full Version : Tax collections on the rise



NewsWhore
02-11-2009, 03:10 PM
Juan Hernandez, director of the Department of Taxes (DGII) reports that collections were RD$13.85 billion in January, which was RD$168 million more than budgeted. He said the DGII has met its goals for the month, attributing this to a major stemming of tax evasion. Nevertheless, he admitted that in general government tax collections are down US$1 billion, but this is primarily due to the decline in the price of petroleum. In the DR, Hydrocarbon Law revenues are pegged to the price of petroleum, thus government revenues increase with the increase in the price of fuel.
Hernandez spoke after the signing an agreement with the Universidad Cultural Dominico-Americano for the preparing of tax personnel, as reported in Diario Libre.

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