NewsWhore
06-22-2007, 04:20 PM
The crosschecking system instated with credit card voucher checks has enabled the Tax Department (DGII) to reduce the number of tax evaders. The DGII said that 5,800 people who weren't declaring the ITBIS (VAT) tax but were invoicing for the sale have been detected and will have to pay penalties and past taxes due. Law 8-04 granted the DGII direct control of payments made through credit and debit cards. The DGII says that reported sales increased from RD$501.4 million in 2005 to RD$569.2 million in 2006, up 13.5%.
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