Now it appears that everyone will soon be paying taxes on LUXURY FOODS......
At this rate, we will soon be paying a "right to breath tax"............
Here's a link plus an English translation..............
Al menos 78 productos ser?an gravados con 8% del ITBIS - Hoy Digital
Today / JUAN Fana.
September 11, 2012, 11:19 PM
At least 78 products would be taxed at 8% of the VAT
RD $ 60.208 MM levied, RD $ 45.732 MM from fees and administrative RD $ 14.476
Written by: Odalis MEJIA (o.mejia @ hoy.com.do)
At least 78 products from vegetables, fruits and cereals are among the consumer goods would be taxed at a rate of 8% of the VAT, under the allegation that are consumed mostly by high income individuals.
This represents a progressive increase in state revenue because they will be consumed by the wealthy, as recorded in the tax reform proposal developed by the Central Bank, the Finance Ministry and the Directorate General of Internal Taxes (DGII) and seeks to raise RD $ 60.208 million.
Of this amount, $ 45.732 RD concept would be obtained by new taxes or increased RD $ 14.476 and other administrative measures.
Products. In the list of suggested items to be taxed ITBIS are: peanut oil, peanut butter, other fats, palm oil, coconut and butter.
Also molasses, powdered sugar, sugar substitutes (substitutes) and liquid sugar.
Among cereals include rice super elite or premium, wheat, rice cereal, fruit, corn on the cob packaging, wheat germ, paddy, wheat semolina.
As fruits are papaya, pineapple, apples, red grapes, strawberries, cantaloupe, sapote, tangerine, pear.
Other products in the list are plantain flour, evaporated milk and reinforced with iron and minerals (infant formula), leaf cheese, cream type, Danish, Dutch, vitamin attachments milks, cheese ball.
Adding more info, may be duplicates of items above
The products they are considering are peanut oil, peanut butter, other edible oils, African palm oil, coconut oil, butter, molasses, icing sugar, sugar substitutes and liquid sugar.
The cereals include premium rice, wheat, rice and fruit cereals, corn flour, wheat germ, brown rice and semolina. The fruits include papaya, pineapple, apples, red grapes, strawberries, cantaloupe melon, sapodilla, mandarin oranges and pears. Other products on the list are plantain flour, evaporated milk, some types of cheese, and milk with added vitamins. Also disinfectants, fabric softeners, religious and self help books, ice creams, cakes, cookies, sliced bread, brown bread, cassava bread, cup cakes and pizza.
The list also includes whole wheat pasta, tagliatelle, lasagna, frozen fish fillets, steak, some types of fresh fish, goat, some types of ham, broccoli, beetroot, peppers, nutmeg, cress, aniseed and chickpeas.
The proposed taxation would penalize consumers of healthy foods.
B in Santiago
Don, Santiagodr brought this info to my attention.........Thank you Don
At this rate, we will soon be paying a "right to breath tax"............
Here's a link plus an English translation..............
Al menos 78 productos ser?an gravados con 8% del ITBIS - Hoy Digital
Today / JUAN Fana.
September 11, 2012, 11:19 PM
At least 78 products would be taxed at 8% of the VAT
RD $ 60.208 MM levied, RD $ 45.732 MM from fees and administrative RD $ 14.476
Written by: Odalis MEJIA (o.mejia @ hoy.com.do)
At least 78 products from vegetables, fruits and cereals are among the consumer goods would be taxed at a rate of 8% of the VAT, under the allegation that are consumed mostly by high income individuals.
This represents a progressive increase in state revenue because they will be consumed by the wealthy, as recorded in the tax reform proposal developed by the Central Bank, the Finance Ministry and the Directorate General of Internal Taxes (DGII) and seeks to raise RD $ 60.208 million.
Of this amount, $ 45.732 RD concept would be obtained by new taxes or increased RD $ 14.476 and other administrative measures.
Products. In the list of suggested items to be taxed ITBIS are: peanut oil, peanut butter, other fats, palm oil, coconut and butter.
Also molasses, powdered sugar, sugar substitutes (substitutes) and liquid sugar.
Among cereals include rice super elite or premium, wheat, rice cereal, fruit, corn on the cob packaging, wheat germ, paddy, wheat semolina.
As fruits are papaya, pineapple, apples, red grapes, strawberries, cantaloupe, sapote, tangerine, pear.
Other products in the list are plantain flour, evaporated milk and reinforced with iron and minerals (infant formula), leaf cheese, cream type, Danish, Dutch, vitamin attachments milks, cheese ball.
Adding more info, may be duplicates of items above
The products they are considering are peanut oil, peanut butter, other edible oils, African palm oil, coconut oil, butter, molasses, icing sugar, sugar substitutes and liquid sugar.
The cereals include premium rice, wheat, rice and fruit cereals, corn flour, wheat germ, brown rice and semolina. The fruits include papaya, pineapple, apples, red grapes, strawberries, cantaloupe melon, sapodilla, mandarin oranges and pears. Other products on the list are plantain flour, evaporated milk, some types of cheese, and milk with added vitamins. Also disinfectants, fabric softeners, religious and self help books, ice creams, cakes, cookies, sliced bread, brown bread, cassava bread, cup cakes and pizza.
The list also includes whole wheat pasta, tagliatelle, lasagna, frozen fish fillets, steak, some types of fresh fish, goat, some types of ham, broccoli, beetroot, peppers, nutmeg, cress, aniseed and chickpeas.
The proposed taxation would penalize consumers of healthy foods.
B in Santiago
Don, Santiagodr brought this info to my attention.........Thank you Don
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- then you as a client pay added taxes on those big boxes of strawberries you get from uphill country