NewsWhore
06-08-2009, 02:50 PM
The Tax Department (DGII) says that collections are down RD$7.6 billion for the first five months of the year, compared to the first five months in 2008. The government was able to compensate the decline in income and show a 1.2% growth in revenues only due to the taxes on the sale of the Brugal rum company.
The DGII reports that government revenues totaled RD$65.95 billion this year, compared to RD$65.14 billion. DGII director Juan Hernandez attributed the decline in revenues to external and internal factors. He says government revenues dropped when consumers started spending less. For instance, Dominicans are even drinking less beer, as reflected in luxury tax collections.
In May 2008, revenues were RD$12.02 billion, compared to RD$13.22 billion in May 2009. The government had forecast collections of RD$13.04 billion.
More... (http://www.dr1.com/index.html#5)
The DGII reports that government revenues totaled RD$65.95 billion this year, compared to RD$65.14 billion. DGII director Juan Hernandez attributed the decline in revenues to external and internal factors. He says government revenues dropped when consumers started spending less. For instance, Dominicans are even drinking less beer, as reflected in luxury tax collections.
In May 2008, revenues were RD$12.02 billion, compared to RD$13.22 billion in May 2009. The government had forecast collections of RD$13.04 billion.
More... (http://www.dr1.com/index.html#5)