Economy October 3, 2019 | 11:06 am

2020 Budget of US$14.4B a 11.6% jump over last year’s

Santo Domingo.- The 2020 State Budget has the goal of collecting, excluding donations, RD$747.8 billion (US$14.4 billion), a 11.6% jump over last year’s.

To achieve this ceiling, one of the actions planned by the Government is to levy taxes on online services.

The Web taxes, according to the Budget bill submitted to Congress, will be applied to all online subscription platforms such as Netflix, Spotify, Airbnb.

Although the exact amount to be collected isn’t specified, the bill indicates that it would be on the sale of digital content from international platforms as of 2020. “That is, on all services sold on the Internet, which have no domicile in the country. The retention agents being the intermediaries in the payment of said services.”