The Department of Customs (DGA) and the Department of Taxes (DGII) cracked down on five Chinese-owned businesses located in Greater Santo Domingo and Santiago for irregularities in compliance with government regulations. For years, Dominican-owned businesses have complained the Dominican government authorities look the other way when dealing with thousands of Chinese businesses that have flooded the market offering low-priced goods and carrying out large non-reported cash transactions. Dominican-owned business spokespeople say the Dominican government has been lenient in requiring that the Chinese comply with labor, import and tax laws.
As reported, the operation was carried out because the businesses had carried out bank transactions for around RD$4 billion while reporting much less. The press release on the operation states that an investigation revealed that the business bank transactions were 90% more than the total of operations for ITBIS tax reported. The investigation revealed the Chinese businesses also carried out a large volume of cash operations that were not reported.
The press release says the businesses had previously been notified and did not correct the situation.
The businesses closed were:
Importadora Fuhao 2028, S.R.L., RNC 131-36005-1, Av. José Martí 142, Villa Francisca, Distrito Nacional, Santo Domingo.
Long Xin, S.R.L., RNC 131-63302-1, Av. Duarte 142, Mejoramiento Social, Santo Domingo, Distrito Nacional.
Zina Import, S.R.L., RNC 130-93253-2, Av. Duarte 207, Villa Consuelo, Santo Domingo, Distrito Nacional.
Repuestos By Zang & Lau, SRL., RNC 131-68236-7, Av. Duarte 39, esquina Av. México, Villa Francisca, Santo Domingo, Distrito Nacional.
Business Manila & M, ARL., RNC 131-66944-1, calle Manuela Diez 178, Mejoramiento Social, Santo Domingo, Distrito Nacional.
The actions were carried out by personnel from the Tax Fraud and Crime Investigation Management and military personnel assigned to the DGII and DGA, after an analysis of the tax gaps and informality in the operation of the shops.
The DGII reports that this is part of a special inspection project that seeks to reduce tax evasion and unfair competition.
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N Digital
Listin Diario
DR1 News
17 April 2024