Sectors call for comprehensive reform

Sectors of the country, including in the political area are joining the approaches of the National Council of private enterprise (Conep), on the need to discuss the implementation of a comprehensive tax reform.

The ruling reformist, Alexandra Izquierdo, stated that it supported the position of employers and believes that all sectors must agree that the reform should be structured after the elections of 20 May next.

The President of the Electoral consensus Movement believes urgent that the Government with the consensus of all sectors, embark to their design, for the purposes of preserving economic stability and improve the quality of life of the sections more depressed.

The reform-minded leader, believes that the political class and the business sector should leverage, along with the Government, the structuring of a tax reform aimed to reduce the rate of the Itbis and taxing wealth.

"Long time we have been supporting" u000apublicly that we must not continue designing tax patches, but rather to review everything that expenditure and revenue to achieve reform in the year 1990 ", stated.

Izquierdo, appreciates that employers and others understand that this is the output more relevant in the current context of crisis.

"should be planned with enough time, the design of a comprehensive fiscal reform; can not continue creating tax patches to the race, which almost always end up taxing consumption and lower-income sectors", said.

Recalled that on the occasion of the knowledge of the "paquetazo tax", he proposed that it is approved in Congress for a period of two years, as at the end, as I understood, it could be the starting point to go to create the conditions so that there is a consensus among all sectors of national life for structuring the comprehensive tax reform.

Said u000awho since 2008 has called attention to the need that all influential sectors push along the Government comprehensive fiscal reform, which provide the necessary resources to maintain the stability of the economy and raise the standard of living of the poor.

Deficit
Izquierdo, considered that the fiscal deficit which is currently registered carefully against the economic stability of the country, for what it considers urgent that is structured by consensus a comprehensive tax reform. Understands that it must "arm" the comprehensive reform of the tax structure to avoid greater economy evils Dominican.

He also said that the Government, with the support of all sectors of the nation, must be the economic movements appropriate to improve the poor fiscal situation affecting him, in order to counter the devastating effects that might have the crisis on the country.

Income tax
in RD, the tax on the u000aIncome is applied with a rate of 25% for natural persons and another 29% for legal entities (companies), for two years, according to Bill 139-11 adequacy Prosecutor.

Itbis rate
the tax system of the country imposes a high proportion of goods and services, at present, a rate of 16% in tax on the transfer of industrialized goods and services (Itbis).

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