- The Dominican Government announced economic and tax measures to boost public revenues and reduce the impact of the international crisis.
- It will introduce VAT collection mechanisms, administered by Customs, on imports made by informal taxpayers.
- The plan includes applying zero-rate VAT to certain basic consumer goods while removing VAT exemptions for machinery used in gambling.
- VAT and customs duties on ambulances, fire trucks, and garbage compactor trucks will be eliminated.
- VAT on asphalt and AC-30 will also be removed.
Source: kpmg.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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