2015News

Tax increase on food products in January 2016

The Tax Agency (DGII) is reminding consumers that new tax increases will be applied in January 2016, raising the ITBIS (value added tax) on consumer products including yogurt, butter, coffee, edible oils, sugar and chocolate from 13% to 16%. The measure is included in the tax increases ordered by Law 253-12.

In response, Grupo Ramos (La Sirena, Pola and Ole supermarkets) has announced that it would be absorbing the increase during the first month of January 2016.

http://www.diariolibre.com/economia/2016-ultimo-coletazo-de-itbis-por-reforma-tributaria-del-2012-IN2285596