TAX ELIMINATION

Newspaper: Diario Libre.

Web page: http://diariolibre.com/app/article.aspx?id=114764


July 29th, 2007, 10:22 p.m.

New Law forces DGII (IRS in U. S.) to eliminate 17 taxes.

The reductions will be applied as of August, according to the legal ads published by the Dirección General de Impuestos Internos (DGII) (General Directorate of Internal Taxes) (IRS in U. S.).

23 services of certifications will be free of charge for the applicants.


Santo Domingo. With the approval of Law 173-07, on Tax Collecting Efficiency, the Dirección General de Impuestos Internos (DGII) (IRS in U. S.) will eliminate at least 17 small taxes in rates of services by the State, in addition to the fact that it reduces four taxes in the areas of real estate, business and vehicles.

In a legal ad published by the DGII (IRS in U. S.), it is expressed also that 23 services of certifications that the institution grants now will be free of charge for the applicants.


The taxes on tickets of public shows, documents, medical certificate, seals of national and imported alcoholic beverages, and the copies of abstracts of civil act and divorces are included among the taxes that as of August of this year are eliminated.


More reductions


Also, the legislation establishes the reduction of the tax to real estate transfers from 4,3% to 3%, whereas the tax for sale transfer of vehicles is lowered from 3,3% to 2%.


The taxes for the constitutions of companies are reduced from 1,83% to 1% on the capital decided in the contract or agreement that gives birth to the Company. A similar reduction will also be applied to the taxes for the increases of capital of the companies.


In addition, they will be free of charge the certifications Presentation of Declarations, Payment of Taxes and Exemptions, Tax to the Real Estate Property, Exemption of the Tax on the Sumptuary Houses and the Non-Built Urban Lots (IVSS), Motor Vehicles, Companies, Refund of Checks, Reimbursements and Deposits in Consigment and Non Objection, Transfers of Non-Real-Estate and Real Estate Titles.

Freddy Miranda,
Translated by Orlando Alcántara