Smaller
BiggerCustoms 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.
What were the findings of the inspections of the Chinese industrialists? Suspect there was little to be found. If there were alleged violations, the violations would have been plastered all over the media. The industrial sector as a whole should be inspected. The Chinese represent about 5% of the sector and yet the focus is on them.