2003News

Tax proposals for booze

The Leon Jimenes Group set forth its tax proposals in the Senate, showing how the country would receive an additional RD$750 million as a result. The new idea is to tax alcoholic beverages on the basis of liters of pure alcohol, adjusted for inflation. According to the group’s submission, the new tax structure would provide a 62.20% increase in tax revenues emanating from the sale of alcoholic beverages, bringing them to RD$6.0 billion.