tax · customs

Cabinet proposes equalization of the tax regime, applied to trade in the digital economy The Cabinet Council approved sending Bill 30-26 for consideration to the National Assembly, which adds and modifies provisions of the Tax Code related to the taxation of certain operations of the digital economy and dictates other provisions. This bill aims to update the Tax on the Transfer of Personal Goods and Services (ITBMS) regime in the face of new modalities of production, marketing, intermediation …

Importers shall deposit funds for external transfers for import purposes with licensed banks, and funds shall not be transferred until the importer has paid the estimated customs duties and tax deposits through the ASYCUDA system and the approved electronic payment mechanisms, with the amounts transferred to the Public Treasury accounts and the designated accounts of the Ministry of Finance within 15 days. The estimated customs duties and tax deposits shall be calculated on the basis of the prel…

In order to ensure peace and stability in the region, it is important to strengthen measures in the area of ​​economic security. This time, I would like to introduce the ``Act to Partially Amend the Foreign Exchange and Foreign Trade Act,'' which was passed at the Diet session that closed last month, in order to appropriately respond to investments that may harm national security. The Foreign Exchange and Foreign Trade Act (Foreign Exchange Act) maintains the principle of ``freedom of foreign …

Santo Domingo.- The General Directorate of Customs (DGA), together with the Public Ministry, seized a shipment of goods allegedly introduced irregularly into the country during an operation carried out at the Caucedo Multimodal Port, an action that avoided tax losses exceeding RD 42.2 million for import duties and taxes. The discovery included 4.5 million Jaisalmer brand cigarettes and 961 televisions of different brands and sizes, merchandise whose actual content did not correspond with the do…