The Director General of Internal Revenue, Luis Valdezreiterated this Monday that in said institution there are no “sacred cows”, alluding to the fact that they will not tolerate violations of the law by sectors of the national economy that do not declare or pay the Tax on Transfers of Industrialized Goods and Services (ITBIS).
«At the General Directorate of Internal Revenue, everyone who commits an offense is audited. Of course, the tax administration’s auditing capacity is not 100 percent; but there we do not have sacred cows. Be it small, medium or large; everyone,» emphasized Valdez, during his participation in the meeting with the press held by President Luis Abinader at the National Palace.
The director of Internal Revenue clarified, however, that there are two tax compliances “that are the ones that hurt us the most, which are the withholdings of ITBISand the withholdings from employees.” The head of the collecting entity explained that these taxes “are not paid by the owner of the company, but rather the taxpayer has already collected them from the citizen and keeps them for himself.”
“That is why when a taxpayer comes to us asking for some kind of facility regarding a tax that is a withholding and not a determination of wealth, we are tough on this issue, with everyone; because it is a tax that does not correspond to the businessman, to the merchant, it does not correspond to a person who has a physical activity that has a liberal activity, but rather it corresponds to the citizen,” explained Valdez.
In this regard, President Luis Abinader urged citizens to report “if there is a particular case.”
What is ITBIS?
It is a general value-added tax on consumption that is applied to the transfer and importation of manufactured goods, as well as to the provision of services. In other countries this tax is called Value Added Tax (VAT).
