2001News

Tax pre-payment for those with less than RD$2 million sales

The Direccion General de Impuestos Internos stated that until Congress approves the modification of the 1.5% gross sales pre-payment tax, it will continue to collect the monthly 1.5% tax from businesses with sales under RD$2 million. The government announced last week that it was sending to Congress a proposal that would modify the existing law and exempt businesses with sales under RD$6 million from payment of the monthly 1.5% pre-payment tax on gross sales. A news report states that the legal advisor to the Presidency, Guido Gomez Mazara did not deliver the bill on Friday as promised.