NewsWhore
09-06-2010, 02:40 PM
The Director General of Customs, Rafael Camilo plans to meet with representatives of 20 companies that are protected under Law 392-07 on Pro Industry to ask them to "voluntarily" pay VAT (ITBIS) on the raw materials and machinery they import at the Customs office rather than at the DGII tax office. These payments to Customs would be made until the current Standby Arrangement with the IMF ends in December 2011. The move is part of a government drive to reduce its financial deficit with improved cash flow through Customs. An estimated RD$1.8-RD$2 billion would be collected. Industries have opposed the violation of the law on the grounds that the pre-payment of taxes could lead to bankruptcy. The government says the measure is aimed at guaranteeing macroeconomic stability.
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More... (http://www.dr1.com/index.html#5)