The Tax Agency (DGII) proudly announces that it has been able to increase tax collections to RD$386.18 billion. The DGII had budgeted to collect RD$384.1 billion. This is the first year since 2008 when the budgeted collections are surpassed.
Tax collections this year increased 10%. This is more than the GDP growth for the 2017 that was 4.5%.
A press release from the DGII says the outcome is part of results sought under the 2017-2020 Strategic Plan of the DGII. New director, Magin Diaz has argued from day one that an increase in taxation or new taxes are not necessary and instead sought to better enforce the present laws.
The DGII says that the fuel tax reported RD$54.5 billion, up 19.4%. The income tax collections were R$83 billion, up 20%. And ITBIS was RD$94.5 billion, up 3%, in a year where there was a marked slowdown of the economy. These three taxes generated 60% of tax revenues for the year.
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DGII
4 January 2018
