NewsWhore
08-09-2007, 05:50 PM
According to Tax Department director Juan Hernandez, only 430 (4.3%) of the approximately 10,000 NGOs (non-governmental organizations) in the DR are fulfilling their fiscal responsibilities and reporting to the Tax Department (DGII), as established in Law 122-05. During a round table discussion on Transparency and Governance organized by the Institutionalism and Justice Foundation (Finjus) at Unibe University, Hernandez said that 98% of people who work for NGOs make less than RD$24,000 and therefore are already exempt from paying income tax. Hernandez urged the NGOs to familiarize themselves with the rules that govern NGOs and their fiscal responsibilities.
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