NewsWhore
07-06-2011, 02:30 PM
The Department of Taxes (DGII) collected an additional RD$5.52 billion over the first five months compared to the same period in 2010. In total, the tax collectors collected RD$85.14 billion, which represents a 6.9% increase for the same period in 2010, when the amount collected was RD$79.61 billion. This increase over the first five months of the year was mainly prompted by the income taxes, both from individuals as well as corporations; as well as by the selective taxes on hydrocarbons, alcohol and tobacco, and taxes on assets.
Diario Libre says that the actual collection for January-May taxes on individuals grew by 17%, going from RD$7.79 billion to RD$9.12 billion, a difference of RD$1.32 billion more. At the same time, corporate taxes increased by 5.1%, going from RD$11.18 billion to RD$11.74 billion.
Likewise, the money collected under the line item "Other Taxes" grew by 24.8%, going from RD$5.59 billion to RD$6.98 billion, a difference of RD$1.38 billion.
The income raised from taxes on assets during the first five months of the year grew by 8/1%, going from RD$5.470 billion to RD$5.912 billion.
Although the ITBIS (the local VAT) decreased by 3.7%, going from RD$20.053 billion to RD$19.317 billion, the sum total, together with the collections from Customs, shows that there was a 7.3% growth and a compliance rate of 100.4%.
In the month of May alone, the commercial sector increased the amount of ITBIS paid by 21.3%, equivalent to RD$122 million more than the same month last year. Revenue from taxes on alcohol and tobacco totaled RD$7.84 billion over the first five months of the year, which is RD$414 million more than the same time last year. Collections on fuel taxes grew by 14.5% and reached RD$16.30 billion.
The tax on checks grew by 3.1% and went from RD$1.733 billion to RD$1.788 billion. Likewise, telecommunications taxes grew by 1.8%, going from RD$2.022 billion to RD$2.058 billion.
More... (http://www.dr1.com/index.html#2)
Diario Libre says that the actual collection for January-May taxes on individuals grew by 17%, going from RD$7.79 billion to RD$9.12 billion, a difference of RD$1.32 billion more. At the same time, corporate taxes increased by 5.1%, going from RD$11.18 billion to RD$11.74 billion.
Likewise, the money collected under the line item "Other Taxes" grew by 24.8%, going from RD$5.59 billion to RD$6.98 billion, a difference of RD$1.38 billion.
The income raised from taxes on assets during the first five months of the year grew by 8/1%, going from RD$5.470 billion to RD$5.912 billion.
Although the ITBIS (the local VAT) decreased by 3.7%, going from RD$20.053 billion to RD$19.317 billion, the sum total, together with the collections from Customs, shows that there was a 7.3% growth and a compliance rate of 100.4%.
In the month of May alone, the commercial sector increased the amount of ITBIS paid by 21.3%, equivalent to RD$122 million more than the same month last year. Revenue from taxes on alcohol and tobacco totaled RD$7.84 billion over the first five months of the year, which is RD$414 million more than the same time last year. Collections on fuel taxes grew by 14.5% and reached RD$16.30 billion.
The tax on checks grew by 3.1% and went from RD$1.733 billion to RD$1.788 billion. Likewise, telecommunications taxes grew by 1.8%, going from RD$2.022 billion to RD$2.058 billion.
More... (http://www.dr1.com/index.html#2)