NewsWhore
06-19-2006, 03:10 PM
The Department of Taxes has announced collections of RD$44.7 billion for January to May 2006, which is RD$9.9 billion more than last year, or a 28.5% increase. Value-added taxes on telecommunications sector reaped in RD$26.5 more than estimated, or RD$12.1 billion. The government is enjoying this revenue bonanza because January's tax reform increased taxes in order to compensate for duty free imports that have not yet taken place, as DR-CAFTA has not yet come into effect.
Link To Original Article (http://www.dr1.com/index.html#4)
Link To Original Article (http://www.dr1.com/index.html#4)