Taxman says collections to Oct. jump 12% to US$40.0M

Santo Domingo.-  Internal Taxes (DGII) director Magín Díaz announced Wed. that to the end of October collections jumped to RD$2.0 billion (US$40.0 million) or 12% over last year, and RD$200.0 million more than expected.

He attributed the rise to reforms enacted to reinforce tax compliance.

Speaking at the Annual Congress of Commercial Entrepreneurs, the official said personal income tax jumped 18%, ITBIS 14%, alcohols, 13% and fuels. 10%.

Díaz said that jointly with the changes the DGII develops a program to transform the Local Administrations with a 18 remodeled collection agencies to benefit taxpayers and employees, 4 being restructured and 8 slated for improvement.

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