The Tax Department (DGII) is reminding the public that the 15th and the 31st of January will be the last days to sign up for the Simplified Tax Process (PST), a new initiative that will ease the process of paying taxes for small and medium-sized businesses. The PST allows for businesses to declare taxes based on purchases (companies with sales up to RD$30 million a year) and revenues (companies with income under RD$6.5 million), with considerably reduced bureaucratic requirements, such as bookkeeping and multiple filing throughout the year with the tax department.
Those interested can go the a DGII for questions or log on to their website, www.dgii.gov.do.