{"id":104261,"date":"2017-09-22T09:49:45","date_gmt":"2017-09-22T13:49:45","guid":{"rendered":"http:\/\/dr1.com\/new\/?p=104261"},"modified":"2017-09-22T09:49:45","modified_gmt":"2017-09-22T13:49:45","slug":"itbis-collections-in-august-were-89-of-estimates-for-the-tax","status":"publish","type":"post","link":"https:\/\/dr1.com\/news\/2017\/09\/22\/itbis-collections-in-august-were-89-of-estimates-for-the-tax\/","title":{"rendered":"ITBIS collections in August were 89% of estimates for the tax"},"content":{"rendered":"<figure id=\"attachment_104250\" aria-describedby=\"caption-attachment-104250\" style=\"width: 300px\" class=\"wp-caption alignleft\"><img loading=\"lazy\" class=\"size-medium wp-image-104250\" src=\"http:\/\/dr1.com\/new\/wp-content\/uploads\/2017\/09\/ITBIS-Supermarket-Diario-Libre-300x160.jpg\" alt=\"\" width=\"300\" height=\"160\" \/><figcaption id=\"caption-attachment-104250\" class=\"wp-caption-text\">Photo: Diario Libre<\/figcaption><\/figure>\n<p>The DGII reported that revenues from the value-added tax in the Dominican Republic (ITBIS) fell below expectations. The tax was only 89% of budgeted collections for the first eight months of the year. Tax collections for January to August has been RD$63,271.95, that is 89% of the estimated RD$71,064.89 for the period. Nevertheless, the DGII says that overall tax collections at RD$262,499.58 million are 11.3% over budgeted. But inter-annual growth in the collections is only 1.3%, reports the DGII.<\/p>\n<p>DGII says that taxation on mining earnings and company business tax increases compensated for the lull in the ITBIS tax. The decline in the value-added tax, nevertheless, could reflect the lull in the spending.<\/p>\n<p>The director of the DGII is counting on internal improvements to increase tax collections. He announced a cooperation project with the Japan International Cooperation Agency (JICA) for improving procedures and internal processes within the DGII, training DGII personal and equipping local administrations and the main offices.<\/p>\n<p>22 September 2017<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The DGII reported that revenues from the value-added tax in the Dominican Republic (ITBIS) fell below expectations. The tax was only 89% of budgeted collections for the first eight months of the year. Tax collections for January to August has been RD$63,271.95, that is 89% of the estimated RD$71,064.89 for the period. Nevertheless, the DGII &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/dr1.com\/news\/2017\/09\/22\/itbis-collections-in-august-were-89-of-estimates-for-the-tax\/\" class=\"more-link\">Read more\u2026<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[6,3],"tags":[],"_links":{"self":[{"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/posts\/104261"}],"collection":[{"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/comments?post=104261"}],"version-history":[{"count":0,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/posts\/104261\/revisions"}],"wp:attachment":[{"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/media?parent=104261"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/categories?post=104261"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/tags?post=104261"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}