More alcohol and fewer cigarettes in 2011

During 2011 increased alcohol consumption in Dominican Republic, but he came down from cigarettes, according to the preliminary report of the Directorate General of internal taxes (DGII), that allows to know the behavior of earnings and sales reported by taxpayers in each of these products.

Data official established that during 2011 sold 18,899,785.5 litres of alcohol per beer, an approximate increase of 520,974.4 litres more than in 2010 when sold 18,378,806.1 litres, for an increase of 2.8%. According to the report, every month remained sales over the 200,000 litres of beer million.

As regards the consumption of alcohol in ron, the report establishes that during 2011 sold 11,402,442.2 litres, for an absolute difference of 1,248,131, equivalent to an increase of 12.3% compared to 2010 when sold 10,154,310.9 litres.

Internal revenue clarifies u000athat the data correspond to affidavit to January 2 of this year by taxpayers, which means that they can submit changes for corrections that make citizens in their statements

Contrary to what happened with the consumption of alcohol, the sale of cigarettes experienced a decline of 6.7% in 2011. According to the official, but preliminary data, last year sold 2,092.5 million units of cigarettes compared to 2,242.4 million in 2010, which meant 149.9 million less.

Ranking the DGII sets out in his report that is notable as in the case of the first ranking most of the companies belong to industries sector, while the second is dominated by those in the services sector to build ránquines of the ten leading companies based on taxes paid, classified in taxes on consumption and income tax,.

Highlights six companies: company u000aPhone, Orange Dominican, Dominican petroleum refinery, Brugal and Co., tobacco industry León Jimenes, and Banco Popular Dominicano Dominican are found in both ránquines.

In general, the DGII notes that three companies belonging to the manufacturing activity of the refining of oil products and four to the development of alcoholic beverages and tobacco products account for 78% of consumption taxes withheld and paid by the companies in the ranking.

"It is relevant alike, the fact that 80% of taxes to the benefits of the societies of the group the second ranking was paid for two companies in the sector of communications, three from multiple banks and one of energy," stresses the report.

Tax expenditure for this year the estimate of tax expenditure amounted to RD$ 118,882.7 million, equivalent to 5.0% of GDP.

Of the estimated indirect taxes tax expense was u000athe 77.1%, i.e. RD$ 91,701.8 million, while direct taxes tax expense represented the remaining 22.9%, around RD$ 27,181.0 million.

La DGII stresses that tax expenditures as a percentage of GDP decrease 0.2 percent with respect to the projection of the year 2011, from 5.2% to 5.0% of GDP in 2012. This reduction in tax expenditures as a percentage of GDP, stands, is consistent with the downward trend observed since the estimate made for 2008, when they amounted to 6.6% of GDP. However, nominal tax expenses rose in RD$ 10,536.9 million in relation to the total of the year 2011.

La DGII explains that the estimation of tax expenditure for 2012 provides certain modifications in the methodology and estimates on the elaborate for 2011.

For the estimation of tax expenditure of the excise to consumption (ISC) on fuel is not the u000agenerated by indexing of specific inflation tax, since between April and July 2011 the Ministry of industry and trade incorporated tax inflation accumulated since 2007, so it is presumed that by 2012 the indexation of tax will be quarterly, as stipulated in the law N. ° 112-00 on hydrocarbons.

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Expenses tax for this year additions

2012 tax cost estimate report incorporating estimates by the exemptions from the interest on savings accounts deposits, certificates and investments in public and private natural persons values. Not taxing the interests of natural persons was included in previous editions as spending tax to define the tax reference system, but lack of reliable data only estimated tax expenditure generated by investments in marketable securities in the u000amarket.

, Is considered as tax expense the minimum exempt from RD$ 700 million for the payment of tax of 1% on the net productive assets of financial institutions established in the Act 139-11.

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