Economy August 29, 2017 | 1:58 pm

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New RD$2.0 gasoline tax aims to secure 2018 revenue of US$12.1B

Santo Domingo.- The government plans fiscal changes next year and according to the Finance Ministry’s report on Macroeconomic Projections, the RD$2.0 tax for each gallon of premium or regular gasoline sold in gas stations nationwide will be charged in advance.

“The controls on the fuel market will be increased, changing the retention of the RD$2.00 per gallon of premium gasoline and regular for the tax to occur at the time of importation,” says the Finance Ministry’s official document.

The report notes that the tax pressure would be placed at 14.9% with fiscal revenue expected for 2018 of RD$580.7 billion (US$12.1 billion), excluding donations.

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