Banks dispute DGII statistics on interest rate payments

[NewsWhore]

The Association of Commercial Banks of the Dominican Republic (ABA) disputes statements by the Department of Taxes (DGII) about tax evasion by companies on interests paid by the banks. In a press release, ABA states that the banks made interest payments of RD$20.1 billion and not RD$54 billion as the DGII has stated. ABA has opposed Rule 13l-2011 by the DGII that seeks to convert the banks into retention agents for taxation on bank interest payments, as reported in El Caribe.

More... (http://www.dr1.com/index.html#5)