Tax deductions for Dummies!

L

laurajane

Bronze
May 23, 2005
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www.thecircusofdreams.com
Hi all,

I have a business here in the DR and many of the things i purchase for the business are from abroad, Much of it large expensive pieces of equipment.

As every reciept must have an N.C.F number for Mr tax man to calculate any deductions it seems none of these purchases can are deductable.

Any advice?? :ermm:
 
Robert

Robert

Stay Frosty!
Jan 2, 1999
20,574
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dr1.com
What about the duties or ITBIS paid when importing them?

You might need to chat with one of the larger accounting firms that often deal with these types of issues, like MEJIA LORA & ASOCIADOS.

Ask to speak to Raymi Lora, he's one of the partners and I'm sure will be more than happy to give you some advice, he's a DR1 reader and really knows his stuff.

Dominican Republic, Accountants, audits, taxes
 
R

raymi

New member
May 25, 2008
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www.mejialora.com
If you are importing those equipment from abroad, as soon as you pay your duties this information (DGA, Aduanas) is transfer automaticly to the DGII. You have to make sure that everything is addressed to your company in order that you can use this to register your acquisitions, expenses and itbis.
 
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