The General Directorate of Internal Taxes (DGII) informed taxpayers yesterday that from next month the payment of the contribution for the management and co-processing of Solid Waste (CRS) established in Law 225-20 will begin.

This law establishes in its article 36 that “every legal person, public or private institution, whether they have operations or not, domiciled in the national territory must pay a mandatory special tax based on their income, regardless of whether they receive benefits or not.”

The DGII states that the Company Income Tax (IR-2) must be filed in July, with a closing date of March 31 last.

Payments must be made according to the following income scale: from 0 to one million pesos, a contribution of RD $ 500 will be made, and from one million one peso to eight million pesos, it will be RD $ 1,500.

In addition, whoever has an income of eight million pesos to RD $ 20 million, will pay RD $ 5,000; while from 20 million a peso to RD $ 50 million, it will contribute RD $ 30,000, and from RD $ 50 million a peso to RD $ 100 million will have to contribute RD $ 90,000. Those with incomes higher than 100 million will pay RD $ 260,000.

The resources obtained will be deposited into a trust to properly manage the collection, disposal, and solid waste treatment.