Internal revenue to help free zones

[NewsWhore]

Tax department director Juan Hernandez has told a Santiago audience that the tax authorities would facilitate the paperwork to help free trade zone companies to purchase items needed for their businesses on the local market without having to pay ITBIS, the value-added tax. The special identification cards would ease the process for the free zone companies. Speaking at the workshop held yesterday on the subject of "Fiscal Receipt Number" and sponsored by the Dominican Free Zones Association (ADOZONA) and the National Free Zones Council (CNZF), Hernandez said that his staff had met with free zone representatives on four occasions in order to contribute to the recovery process. As a result, free zone companies should expect to encounter less paperwork when renewing permits for purchases on the local market. ADOZONA president Fernando Capellan and Santiago Free Zone Association president Aquiles Bermudez both reacted positively to the announcement.

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