NewsWhore
06-25-2009, 05:30 PM
The Ministry of Hacienda says that government revenues were RD$4.3 billion lower in the first quarter of the year than estimated in the National Budget. Tax collections for January to April totaled RD$76.3 billion, or 5.4% less than the RD$80.6 billion estimate. The Tax Department (DGII) reports that revenue collections were RD$53.57 billion, or 1.4% less than the estimated RD$54.35 billion. Income from value added taxes, the sales tax, was down 14.8%. Customs revenues were RD$14.76 billion, or 21.4% less than the estimated RD$18.78 billion. Imports were down 33.5%, free zone imports 20.2% and oil imports 66.7%.
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