For the economist Apolinar Veloz the fiscal policy Dominican only makes sense for those who “can join the table to share the cake.” Instead, she considered that for “citizens, the only thing they have are sacrifices because they are the ones that pay most of the taxes that finance the development of this nation”.
“Over 60% of the tax revenue is paid by the family, that is the one that has the greatest contribution to development. Now, what is the contribution that companies that only pay around 22% of those tax revenues have, “he pointed out.
He added that the Business They are the ones who take most of the benefits of this economy.
When talking about the study “Dominican Tax System and fiscal policy between 2015-2021” at Intec, explained that the country’s tax pressure is generally around 13%.
“Why does the tax pressure not vary from there, because when efforts are made to vary, then tax exemption, illusion and tax evasion make it return to its normal level”Economist
He specified that: “I still don’t know what strategies they have to increase incomereduce the evasion and tax illusion and reduce the worst of all, which is the gift that each government affectionately makes to Dominican businessmen of hundreds of billions of pesos to finance their productivity.”
Fiscal policy
He explained that the fiscal policyIn general terms, due to the type of taxes that it has, due to the use made of these taxes, due to the generation of a permanent fiscal deficit, due to the generation of public debt, is not a fiscal expense that contributes to the expansion of the Dominican Republic.
“Hills important is not the size that is expected to be, if one understands, above all, that the corruption it reduces a good part of those resources,” said Apolinar.
For the Advocacy Coordinator and Public politics of Montalvo CenterRoque Feliz, in the Dominican Republic you don’t have a tax pactso “we continue to be trapped in a fiscal situation that is unsustainable, with recurring fiscal deficits that lead to a continuous increase in public debt.”
In addition, it is still “reserving tax privileges for one economic elitewith a composition of direct taxation and indirect that recognizes and reinforces the greatest pressure on the consumption and income of the poorest population”.
The economist Magdalena Lizardo Espinal, said that the tax pact must be comprehensive enough to consider what the National Strategy Development tried to point out the need for this agreement.
“Reduce tax evasion, raise quality, efficiency and transparency of the public spending; increase efficiency, transparency of the tax structure and the fairness of the tax structure,” he explained.
In addition, “rationalizing the tariff schemes for the production of Public servicesraise the Tax pressure to make the achievements of the Development Goals viable and, in addition, generate enough savings to be able to make effects of those unexpected situations. And a law of fiscal responsibility”, expressed the professional.
Types of taxes
The General Directorate of Internal Taxes (DGII) recently reported that the State received in September 2022 for ITBIS an amount of 13,104.1 million pesos, while in 2021 it was 11,841.9 million pesos for an increase of 1,262.1 million pesos.
- Tax collection About the rent of the Companies and Tax on Assets and Income Tax on Physical persons they were the ones that presented the greatest absolute variation with respect to the year 2021, reflecting the economic recovery that the country has experienced.
- If you look at the Income tax and Tax on Assets had a collection of 9,587.4 million pesos in September 2022 with an absolute variation of 2,369.7 million pesos compared to the previous year.
- The collection of Income tax of the Physical persons for September 2022 it amounted to 7,735 million pesos with a positive variation of 2,291 million pesos.
- For the Selectives to the fuels the Condition received in 2022 about 7,590.0 million pesos and 6,924.5 million pesos in 2021, which means an increase of 665.5 million pesos.
- For concept of the Selective tax to alcohols and Tobacco, the DGII received in September 2022 about 2,151.2 million pesos and 2,316.7 million pesos in 2021, with a decrease of 165.6 million pesos.
