NewsWhore
10-10-2006, 06:20 PM
An article in El Caribe reports that the National Dominican Brewery (CND), brewer of Presidente Beer, has announced that overseas sales of the popular Dominican beer had increased by 18% in the first eight months of the year. During this period the CND exported over 1,622,000 crates of beer to markets in Europe, the US and the Caribbean They also announced that 2006 would be a record year in sales for the beer producer. According to CND, all markets in which Presidente is sold experienced growth. The American and Caribbean markets experienced a 10.1 and 10.3% growth, while the European markets were responsible for a quarter of the total growth. Because of increased efforts, the DR is the third leading Latin American nation in beer exports to the US, and Presidente is the fourth most popular imported beer in Florida supermarkets.
However, the news is not so good for the Dominican taxman. The high demand for light beer nationally, has made collections of the selective alcohol and tobacco tax collapse, according to a report by Clave Digital. The expected increase in collections for this tax was 36%, when it really only grew by 15% in September 2006, when compared to September 2005. The Tax Department is attributing this low performance of the selective tax mainly to the reduction in the declared amount of liters of alcoholic beverages and cigarette packs sold. Another factor is the negative effect caused by the high demand for light beer, which pays less tax.
More... (http://www.dr1.com/index.html#12)
However, the news is not so good for the Dominican taxman. The high demand for light beer nationally, has made collections of the selective alcohol and tobacco tax collapse, according to a report by Clave Digital. The expected increase in collections for this tax was 36%, when it really only grew by 15% in September 2006, when compared to September 2005. The Tax Department is attributing this low performance of the selective tax mainly to the reduction in the declared amount of liters of alcoholic beverages and cigarette packs sold. Another factor is the negative effect caused by the high demand for light beer, which pays less tax.
More... (http://www.dr1.com/index.html#12)