Santo Domingo – Government tax revenues dominicain. de the Industrial Goods and Services Transfer Tax (ITBIS) and revenue suffered the third largest drop between 12 Latin American countries between January and June.
Year-over-year relief on money income due to ITBIS and income source tax (SRI) 18% and 17% respectively between January and June 2020 compared to the same time last year, according to a study by the Economic Commission. Latin America and the Caribbean (Cepal).
The economic analysis of Latin America and the Caribbean: the main determinants of fiscal and financial policies in the postpandémic era of COVID-19, states that it is in Peru and Ecuador that its ITBIS or also called VAT (VAT) has fallen more than the Dominican Republic, with 20% in both cases.
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