Santo Domingo.- If the proposal to reform the tax system presented this Monday by the Government is approved, the increase in the circulation tax of vehicles that drivers pay each year, It would be 100%.
That is, of RD$1,500 for vehicles with a year of manufacture greater than 5 years they would pay RD$3,000 and RD$6,000 up to 5 years of manufacturing.
“The vehicle circulation tax is set as a single payment of RD$3,000 for vehicles with a year of manufacture greater than 5 years and RD$6,000 for up to 5 years of manufacture,” the Government proposal cites.
These measures are part of the Fiscal Modernization project, which would also establish that the properties that cost more than 5 million pesos pay tax.
Likewise, imports of electronic cigarettes and supplies For their use, a tariff of 20% and an ad-valorem of 75% if the proposal is approved.
This information was offered at the La Semanal meeting with the Press by the Minister of Finance, Jochi Vicente, who also said that in the proposal the presumption of income is raised of transport companies at 15% on freight for passengers and loads.
Likewise, the reform will seek to increase the gross premiums collected by foreign insurance companies to 15%.
Tax reform would eliminate privileges, create unfair competition between local and foreign taxpayers
While the Non-Profit Associations They would only enjoy exemption from Income Tax, as long as the profits produced by their operations are not distributed as dividends to natural or legal persons.
