NewsWhore
04-13-2010, 03:50 PM
Hacienda Minister Vicente Bengoa and Economy, Planning and Development Minister Temistocles Montas said yesterday that for the remaining two years and four months of the Fernandez administration the government would neither create nor increase the taxes currently in place. The government recently mentioned that it was looking into eliminating exemptions on the value-added ITBIS tax. The main exemptions are on food items.
Economy Minister Montas said that the government wanted to stimulate production. "And I have said that to talk now of tax reform or increasing taxes does not contribute to reactivating production," he said. "I repeat there will be no tax reform for the remainder of this government, it is a closed issue," he says.
In the letter of intent signed with the International Monetary Fund, the government in its structural benchmarks committed to designing a strategy to rationalize and limit tax exemptions, strengthen tax administration, and continue modernizing customs to achieve the medium-term revenue objectives of the program. To read more on Dominican government commitments toward the IMF, see
www.bancentral.gov.do/english/index-e.asp (http://www.bancentral.gov.do/english/index-e.asp)
More... (http://www.dr1.com/index.html#2)
Economy Minister Montas said that the government wanted to stimulate production. "And I have said that to talk now of tax reform or increasing taxes does not contribute to reactivating production," he said. "I repeat there will be no tax reform for the remainder of this government, it is a closed issue," he says.
In the letter of intent signed with the International Monetary Fund, the government in its structural benchmarks committed to designing a strategy to rationalize and limit tax exemptions, strengthen tax administration, and continue modernizing customs to achieve the medium-term revenue objectives of the program. To read more on Dominican government commitments toward the IMF, see
www.bancentral.gov.do/english/index-e.asp (http://www.bancentral.gov.do/english/index-e.asp)
More... (http://www.dr1.com/index.html#2)