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View Full Version : DGII posts surplus in tax collections for first half year



NewsWhore
07-09-2012, 04:50 PM
The director general of the Department of Taxes (DGII), Juan Hernandez announced over the weekend that the DGII has had a surplus in the first semester, thanks to the taxes on the sale of Cerveceria Nacional Dominicana. The DGII says that for the first half of the year, it has collected RD$31 billion more. This brings tax collections to a RD$3 billion surplus, as reported in Diario Libre. Juan Hernandez said that if the sale had not come through, the first semester would have closed with a deficit of RD$5 billion. The sale of the Presidente beer brewery reaped RD$8 billion for the DGII.

Hernandez said that DGII revenues at the close of 2011 represent 74% of all government revenues, compared to 48% in 2004. He said that in 2004 the DGII collected RD$60.6 billion, and in 2011, RD$206.1 billion.

Hernandez spoke during the workshop "The Department of Taxes 2004-2012: X-Ray of Institutional Transformation" that took place last weekend in Punta Cana.

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