NewsWhore
07-28-2011, 03:50 PM
Customs (DGA) director Rafael Camilo announced record collections for the government department in the first half of the year, as reported in Hoy. He said collections were up more than RD$3 billion in the first half of the year. While the estimate for collections was RD$32 billion, revenues have reached RD$35 billion. Camilo attributed the increase to improved efficiency, less contraband and the new tax on free zone domestic sales. He said raw material, appliances, used vehicles and general consumer goods imports were up. Imports in general are up 12% and tax collections are up 24% compared to the first half of last year.
Camilo admitted that the benefits of the tax exemptions on goods imported under the DR-CAFTA free trade agreement have not trickled down to consumers. He said importers have pocketed the gains.
More... (http://www.dr1.com/index.html#3)
Camilo admitted that the benefits of the tax exemptions on goods imported under the DR-CAFTA free trade agreement have not trickled down to consumers. He said importers have pocketed the gains.
More... (http://www.dr1.com/index.html#3)