NewsWhore
05-20-2009, 04:30 PM
Government collections dropped by RD$14.8 billion (10.2%) during the first four months of 2009, compared to the same period in 2008. According to Hoy, collections dropped from RD$90.8 billion between January and April 2008 to RD$76.03 billion between January and April 2009. Part of the decrease is due to a drop in Customs (DGA) collections, which dropped by RD$4.45 billion (23.6%) when imports declined. During January to April 2008 collections were at RD$18.8 billion, but registered at RD$13.4 billion for the same period in 2009.
US imports have experienced the largest decline, with a 21.7% decrease, equivalent to US$351.3 million. According to US Department of Commerce figures, US exports to the DR fell from US$1.61 billion between January and March 2008 to US$1.3 billion for the same period in 2009.
Taxation on new car registration also fell by 48.6%, going from RD$2.08 billion during the first four months of 2008 to RD1.12 billion for the same period in 2009. According to vehicle dealers association ACOFAVE, car sales during the first three months of the year fell by 60%.
Taxes on fuels have also reflected in the lower DGA fiscal collections. These were down from RD$5.3 billion in 2008 to RD$3.01 billion in 2009, for a 42% drop.
More... (http://www.dr1.com/index.html#3)
US imports have experienced the largest decline, with a 21.7% decrease, equivalent to US$351.3 million. According to US Department of Commerce figures, US exports to the DR fell from US$1.61 billion between January and March 2008 to US$1.3 billion for the same period in 2009.
Taxation on new car registration also fell by 48.6%, going from RD$2.08 billion during the first four months of 2008 to RD1.12 billion for the same period in 2009. According to vehicle dealers association ACOFAVE, car sales during the first three months of the year fell by 60%.
Taxes on fuels have also reflected in the lower DGA fiscal collections. These were down from RD$5.3 billion in 2008 to RD$3.01 billion in 2009, for a 42% drop.
More... (http://www.dr1.com/index.html#3)