The Leon Group, one of the Dominican Republic’s major industrial and financial entities, has warned that the new tax reform would reduce the government’s income from tax collections on products such as cigarettes, beer and rum. They point out that taxes on beer alone will have increased by 364% in under four years. If the current proposal is approved as it now stands, beer drinkers will face a 40% price increase, and taxes collected from beer sales will fall by 30%, according to the group’s president, Jose Leon Asencio.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Leon Group, one of the Dominican Republic’s major industrial and financial entities, has warned that the new tax reform would reduce the government’s income from tax collections on products such as cigarettes, beer and rum. They point out that taxes on beer alone will have increased by 364% in under four years. If the … <\/p>\n