Dolores Vicioso – Page 8104

Rentas Internas has reported that in 1995 telecommunications companies paid some RD$458.6 million to the Dominican government resulting from income tax and other fiscal obligations. The monies came from charges on basic telephone services, other communications services, both national and international, including long-distance calls. The State collected RD$282.69 million from taxes levied on telephone services. …

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Umar-Holderbank, the company that recently acquired a majority stake at the national cement company, has announced that it will start importing equipment to build a production plant with an annual capacity of 850 thousand tonnes as part of the first of three phases. The State Enterprises Corporation (CORDE) has already provided the company with 770 …

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The British Ambassador, Dick Thomson, told the press that the U.K. Foreign Office has asked the Dominican Republic to appoint an ambassador to Great Britain. The British embassy in Santo Domingo was closed in the early 1980s due to budgetary constraints, forcing the Dominican government to follow suit. For the last few years, however, bilateral …

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The daily newspaper Hoy reports that the sugar quota allocated to the Dominican Republic in the U.S. market at preferential prices may increase by 35,200 to 44,000 tons in the coming days. According to the report, the global quota will be raised by 200 thousand to 250 thousand tons. The country holds 17.6 of the …

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The Dominican authorities are keen to obtain the consent of the Haitian government to allow the country to export an additional 40 thousand tons of bananas to the EU as part of Haiti’s quota. To that effect, officials from both countries recently met during President Preval’s visit to Santo Domingo. Haiti is currently unable to …

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The major business associations have announced that they will unilaterally apply the wage adjustment mandated by the law. The associations say they made the decision due to the government’s failure to adhere to Law 11-92, which created the Tributary Code. The adjustment will be effective from this month, exempting those earning up to RD$83,140 per …

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