NewsWhore
04-10-2007, 06:20 PM
The Tax Department (DGII) will reimburse RD$160 million to exporters and producers after the department charged them the ITBIS tax on products that were exempt from that tax. The reimbursement of funds is part of a plan on behalf of the government with the goal to increase competitiveness through a reduction of costs. The Tax Department has refunded companies to the tune of RD$10 billion. Economy, Planning, and Development Minister Temistocles Montas, Hacienda Minister Vicente Bengoa, and Customs director Miguel Coco will all be present at the ceremony to return the funds.
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