Might I also suggest a "SLOW DOWN" process. What exactly is NEW here?? Doesn't the Government ALREADY allow retirees to bring in a 40ft container without IMPORT tax? I understand that there are Sales Taxes, ITBIS etc still to pay & this might be continued into the 'NEW' law.
RD $5,000 is a partial allowance off RD $55,000 tax for importing a car - all the Government has to do is up the tax by x% to then give x% off & not lose anything!!! Sinical? ..... Me????? ..... You Betcha!!
the 45 days 'Fast Track Residencia is the only NEW thing being offered as far as I can see & not many need their Residencia that quick - heck, most people who arrive here don't KNOW if it a country they will be able to aclamatise to, whether the cutural differences might be a little too great for them ....... so why the rush?? Did anyone note that the type of Residencia being offered is now called 'Definitivo' as opposed to the previously accepted 'Permanante'? Is this a new catergory or are the Government changing the Permanante catergory to 'Definitivo' in the future. What has happend (or will be happening) to the 'Temporano' Residencia?
The BROADER picture seems to indicate this is one way of capturing more of the influx of retirees into the INCOME TAX levels - you tell us you earn US $1,500 per month & well tax you on at least 50% of that Tell us that you are earning US $2,000 per month & we'll tax you on 2/3rds of that!! The laws about taxes due payable on income brought into the country ARE on the statute books right now, but they are not enforced - maybe this is a way of enforcing some of them whilst appearing to give something away? How many Ex-Pats pay any form of income tax on investments/income earned OUTSIDE this country right now?? Not too many I would suggest as it is not enforced policy!!
CCCC CC & I do not see eye to eye on many things on DR1, but I am right behind him on this. WAIT for the law details to be published, STUDY them closely to determin they do in fact offer you some advantage & then only apply if you feel the allowances/discounts are likely to be able to be given by the departments responsible.
How will DR-CAFTA (due to be introduced if passed by Congress in Jan of 2006) affect the rights of people importing container loads? I thought DR-CAFTA abolished import taxes anyway??
Look at the broader picture folks. Learn the existing laws & offers already on the table (the Official ones AND the un-official ones) before jumping on this bandwagon. Methinks BIG Brother is after a bigger slice of your pie!! ~ Grahame.