Economy July 27, 2022 - 11:32 am

Taxes endanger dynamism of the housing sector

Santo Domingo – Taxes endanger the dynamism of the
Acropovi said in an institutional note that the Construction sector is barely reinventing itself and looking for mechanisms to recover from the international crisis, “so the application of tax measures to platforms such as Airbnb would result in a new economic impact, which, instead of boosting to the sector, it would slow it down and, in turn, could call into question the investment decisions of acquirers and developers”

‘’We have been working hard to face the challenges of recent years, because as a sector we have tried to get ahead with the constant increase in essential construction materials since the beginning of the pandemic, such as steel and cement. And, although the sector has remained resilient, this scheme makes the projects in plans and in execution vulnerable due to the inflationary variables that affect us, affecting the dynamism of the sector and access to decent housing,” said the President of Acoprovi, Jorge Montalvo..

COVID-19

October 13, 2024 - 11:00 am

Public Health to focus on health impact of drinking water

October 13, 2024 - 9:24 am

Cardiologist Moya explains heart is impacted more by heat

October 6, 2024 - 11:15 am

Specialist warns of respiratory virus outbreak in Dominican Republic

October 3, 2024 - 11:44 am

Former Health Minister Wilfredo Hidalgo accused of embezzling over 300 million pesos

MOST READ

Local

Dominican Republic-US open skies agreement set to launch in 2025

Bavaro & Punta Cana

Tourism sector contributes 3 out of every 10 dollars of the Dominican Republic’s foreign exchange earnings

Economy

Airbnb expresses willingness to pay taxes in the Dominican Republic

Economy

Confotur credited for boosting foreign investment in the Dominican Republic

MORE NEWS

Local

Tension at Haina Vacation Reception Center amid repatriation riot

Economy

Maria Abreu and Abreu & Associates empower expats in the Dominican Republic

Economy

CHTA warns against tax reforms in Dominican Republic that could undermine Caribbean tourism

Local

CEED provides daily meals for 3,000 youth at U-17 Women’s World Cup