Taxes could stall TC

[NewsWhore]

Increasingly high taxes could stall the development of the Dominican telecommunications (TC) sector, according to Oscar Pena, president of Claro and Codetel. According to Pena, telecommunications companies in the DR have to pay three separate taxes: 1) the 16% ITBIS tax, 2) a 10% Selective Consumption Tax (ISC) and 3) a 2% Contribution to the Development of the Telecommunications Sector tax (CDT). Pena said that in most countries the TC sector doesn't have to pay an ISC because communications are seen as a primary necessity. However, Pena recognizes the Dominican Telecommunications Institute's (INDOTEL) efforts to gradually reduce the ISC. Of greater concern to Pena is the potential application of a 3% tax on TC, which will be used to fund municipal authorities throughout the DR.

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