NewsWhore
06-29-2011, 03:00 PM
Thousands of betting parlors owe the Department of Taxes (DGII) RD$771 million at a time when the government is introducing new tax rules and regulations to cover the rising fiscal deficit. These ubiquitous lottery sales kiosks known as 'bancas' have to renew their licenses to operate. The license fees and penalties for late payment and the 15% tax on winnings make up the RD$771 million the DGII is owed.
A report from the DGII reveals that every month these lottery kiosks and sports betting parlors should be paying the DGII the sum of RD$87 million, but, as of this date, there is a large quota of failure to comply with the payments.
At issue is the amount of the debt owed by 1% of the betting parlors and the DGII says that if the debt is not paid off, they will not be able to renew their licenses and operate legally. Late payments make up most of the RD$771 million.
A document in the possession of Listin Diario shows that 97% of the lottery kiosks and sports betting parlors are in arrears, "owing an average of seven tax periods." DGII Regulation 02-2010 establishes that these sports betting parlors and the casinos are to be tax retention agents. As such, the casinos have to pay RD$25 million each month and the sports betting parlors, RD$3,000 each.
There are 4,717 of these establishments in the country, and 51 are casinos. The rest, 4,666 are sports betting parlors and they owe RD$600 million plus RD$129 million in past due payment fees and RD$41 million in interest.
More... (http://www.dr1.com/index.html#6)
A report from the DGII reveals that every month these lottery kiosks and sports betting parlors should be paying the DGII the sum of RD$87 million, but, as of this date, there is a large quota of failure to comply with the payments.
At issue is the amount of the debt owed by 1% of the betting parlors and the DGII says that if the debt is not paid off, they will not be able to renew their licenses and operate legally. Late payments make up most of the RD$771 million.
A document in the possession of Listin Diario shows that 97% of the lottery kiosks and sports betting parlors are in arrears, "owing an average of seven tax periods." DGII Regulation 02-2010 establishes that these sports betting parlors and the casinos are to be tax retention agents. As such, the casinos have to pay RD$25 million each month and the sports betting parlors, RD$3,000 each.
There are 4,717 of these establishments in the country, and 51 are casinos. The rest, 4,666 are sports betting parlors and they owe RD$600 million plus RD$129 million in past due payment fees and RD$41 million in interest.
More... (http://www.dr1.com/index.html#6)