Adozona supports tax exemption

[NewsWhore]

The Dominican Association of Free Zones (Adozona) president, Luis Manuel Pellerano favors the bill for tax exemption for national industry that was sent to Congress last Wednesday by the Executive Branch, because it extends tax benefits that apply to free zones to other sectors that operate in the DR. The government's proposal seeks to exclude the cotton industry, fibers, textiles, accessories, leather and shoes throughout the country from the payment of value added tax (ITBIS), income tax (ISR) and customs tariffs, according to a report in Listin Diario.

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