2003News

ITBIS to go up?

The government is looking into the possibility of increasing the ITBIS (value-added tax) rate, according to a report in Diario Libre. Presidential Technical Secretary Carlos Despradel told interviewers yesterday on the TeleAntillas morning news magazine “Uno + Uno” that certain products could be subject to an increased levy, although he excluded the possibility that it …
2003News

Mirador Sur conflict continues

The general administrator of Bienes Nacionales, the government department in charge of all government property, said that President Hipolito Mejia authorized the controversial 30-year lease of 6,700 square meters of the Mirador Sur Park property adjacent to the Occidental Hotel Embajador group. Hoy newspaper reports that the hotel chain submitted a request on 3 April …