Santiago. The general director of the Center for Industrial Development and Competitiveness (Proindustria), Rafael Cruz Rodríguez, stated that the institution he heads will advocate for the maintenance of the incentives and facilities established in Law 242-20, which are a stimulus for the country’s industrial sectors.
“With the tax reform, Proindustria will advocate for the maintenance of the facilities of the Proindustria Law (242-20), among them: the renewal of the reinvestment of profits in the purchase of machinery and equipment; and accelerated depreciation; the non-payment of 50% of the ITBIS in Customs for the acquisition of machinery and equipment; the elimination of the withholding of the Income Tax,” Cruz Rodríguez emphasized. The official spoke when speaking before members of the Association of Industrialists of the Northern Region (AIREN).
