Given the debates surrounding the project of tax modernization law presented by the government, the Dominican League of Savings and Loan Associations (Lidaapi) argues that it is essential to adopt an inclusive and participatory approach to designing a tax reform balanced and fair, that generates value for the country in the short, medium and long term.
Through a press release, the union indicates that the tax system reformwhich goes beyond tax matters, is presented as an urgent need to strengthen the economic and social sustainability of the Dominican Republic.
- Emphasize that reform must be built on a broad consensusguaranteeing the protection of the most vulnerable sectors and promoting balanced economic development.
“A tax system modern and efficient has the potential to catalyze investment and growth in areas crucial for the well-being of all Dominicans,” he indicates. Lidaapi.
In this process of tax modernizationHe adds, it is vital to consider aspects such as:
- Promotion of savings
- Protection of the credit system
- Improving access to financing
- Financial inclusion
Consider that the use of financial instruments How the trust can facilitate the development of the mortgage market and securities, while digitalization and banking are essential to foster financial resilience.
Economic growth
It indicates that we are facing a historic opportunity for the country, and Lidaapi reaffirms its commitment to actively collaborate in this process, providing experience and knowledge to ensure that the reform be a tool that enhances economic and social growth.
Through this joint effort, he details, we can build a tax system more equitable, efficient and adapted to current challenges, benefiting all citizens and ensuring a prosperous future for the Dominican Republic.
