NewsWhore
05-13-2009, 03:00 PM
Economist Eduardo Tejera says that the government should raise the threshold of tax-exempt real estate financing to RD$6 million, up from RD$1.4 million originally proposed by the government. He said this would help the middle class. Yesterday, the Fernandez administration announced that materials used for construction of housing units with construction costs of under RD$1.4 million would be exempt from income tax, ITBIS (VAT) tax and other taxes, as part of a plan to get the economy moving via the construction sector.
The president of the Cibao Housing Builders and Developers Association (Aprocovici) Maximo Dominguez recommended that the fixed interest also proposed by the government should not be more than 12% as it was at the start of 2008. He favored raising the bar to at least RD$3 million.
More... (http://www.dr1.com/index.html#2)
The president of the Cibao Housing Builders and Developers Association (Aprocovici) Maximo Dominguez recommended that the fixed interest also proposed by the government should not be more than 12% as it was at the start of 2008. He favored raising the bar to at least RD$3 million.
More... (http://www.dr1.com/index.html#2)