Economy October 4, 2024 - 9:56 am

Customs and Tax authorities target Chinese-owned companies

Santo Domingo.- The General Directorate of Customs (DGA) and the General Directorate of Internal Revenue (DGII) have intensified joint inspections in the industrial sector, focusing on companies with Chinese capital to detect potential tax and customs violations. The recent inspection targeted Industria del Papel SIDO SRL, suspected of engaging in practices that undermine legitimate trade.

The inspections are conducted under the Tax Code and Customs Law 168-21 as part of a broader strategy to combat tax evasion and unfair competition. Both DGA Director Eduardo Sanz Lovatón and DGII Director Luis Valdez Veras reaffirmed their commitment to safeguard lawful commerce and ensure compliance.

The agencies emphasized that these inspections are based on cross-referenced data between the two institutions, highlighting the importance of protecting the Dominican State from illicit activities that harm the national economy.

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