NewsWhore
01-12-2007, 06:00 PM
The government has eliminated the 16% ITBIS (VAT) tax on fertilizers, agricultural chemicals and machinery. The objective is to restore competitiveness to the agriculture sector and consolidate it as the country's third most important economic force. The decision was made after a meeting of government officials, at the urging of the president of the Commission for Agricultural Affairs Amilcar Romero, minister of agriculture in the first two years of the Fernandez administration, and current senator for Duarte province.
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