Income from ITBIS grows by 22.3% in March
Internal Taxes increased their income by RD$8.476 billion in the first quarter
Diario Libre
SANTO DOMINGO. The Tax on the Transfer of Industrialized Goods and Services (ITBIS, a VAT tax) grew by 22.3% in March, which represented additional income for RD$810 million.
During that month, the amount collected for this tax was over RD$4.0 billion, according to the numbers from the General Directorate for Internal Taxes (DGII). In March, the ITBIS collected went from RD$3.625 billion in March 2011 to RD$4.435 billion in 2012.
According to the report from the DGII, the money collected grew by 17%, giving an increase of of RD$2.713 billion with respect to March 2011, with a total income of RD$18.629 billions.
The DGII said that of this total RD$910 million came from taxes from Law 139-11 on tax increases. With relation to the quarter, the DGII indicated that income was up by RD$8.476 billion, going from RD$47.5 billion in 2011 to RD$57.0 billion in 2012.
During that month, the amount collected for this tax was over RD$4.0 billion, according to the numbers from the General Directorate for Internal Taxes (DGII). In March, the ITBIS collected went from RD$3.625 billion in March 2011 to RD$4.435 billion in 2012.
According to the report from the DGII, the money collected grew by 17%, giving an increase of of RD$2.713 billion with respect to March 2011, with a total income of RD$18.629 billions.
The DGII said that of this total RD$910 million came from taxes from Law 139-11 on tax increases. With relation to the quarter, the DGII indicated that income was up by RD$8.476 billion, going from RD$47.5 billion in 2011 to RD$57.0 billion in 2012.
Diario Libre
Continuar con Google