Tax department reminder

[NewsWhore]

As from January 1st businesses that don't have their NCF (DGII billing numbers) will not be able to give out an invoice for any business transactions. Tax Department (DGII) head Juan Hernandez, speaking in Diario Libre, reminded the public that businesses that don't have the NCF would be fined RD$30,000 and could be shut down. Hernandez warned that the DGII would not be flexible with the process. Hernandez explained that with the deadline coming up on 15 December, 90% of businesses have registered and received their NCF numbers that will be printed on each invoice. The reason for the new system is, according to Hernandez, a way to reduce the amount of tax evasion cases, which the DGII hopes to reduce by 5% next year.

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