Economy

Economy December 19, 2016 | 3:56 pm

Dominican Republic power companies ‘lose US$250.0M’ on upfront taxes

Santo Domingo.- Dominican Republic's power companies groupedin ADIE on Friday expressed concern to the Government over the advance paymentmechanism for the selective fuel tax, with ensuing losses of US$250.0 millionper year on, hobbling their cash flow, fuel purchases, operating expenses and compliancewith other tax obligations.

The sector's fear that the system toreimburse the tax create... Read more

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