Record tax collections

[NewsWhore]

The Department of Taxes says that it collected RD$141.4 billion in 2007, which was RD$30.1 million more than collections in 2006, for a 27.1% increase. He said taxes totaled RD$12.2 billion more than the target for the period. He said the results are due to more effective tax systems in place. Companies and individuals paid RD$49.8 billion in 2007, up from RD$39.6 billion in 2006, and RD$41.3 billion target for the year. ITBIS sales tax was up to RD$35.7 billion, compared to RD$29.5 billion in 2006 and RD$31.9 billion target for the year. The selective tax on alcoholic beverages raised RD$12.4 billion, compared to RD$9.70 billion in 2006, and the targeted RD$12.7 billion for 2007.

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