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View Full Version : Tax collections up, but not enough



NewsWhore
04-25-2011, 06:50 PM
The Department of Taxes (DGII) reports that during the first quarter of the year tax collections came to RD$2.37 billion more than for the same period in 2010, or 5.3% million, for a total of RD$47.49 billion. The DGII attributes the rise primarily to increases in the hydrocarbons tax and income tax, tax on alcohol and tobacco and property tax. But when compared to the budgeted amount, the DGII was down RD$4.29 billion.

DGII collections in March were RD$15.88 billion, which is 0.4% compared to last year. The decline is due primarily to a reduction in the category of other taxes on income (-18.1%) and the ITBIS sales tax (-8.4%).

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