SANTO DOMINGO. - From 2004 to 2007 the revenues from the tourist card jumped 62 percent, said the Internal Taxes Agency (DGII), and paid more than RD$19.4 billion in compensation and tax returns in the same period.

In a 2004-2007 Management report, the DGII said taxpayers were reimbursed RD$4.4 billion in 2004, rising to RD$12.1 billion in 2007, a figure it said reached RD$2.3 billion to March 2008, date on which its analysis concludes.

The DGIIs aid it also compensate levies automatically, and of the RD19.4 billion reimbursed to March 31, RD$9,745 million were compensated and the remaining RD$9.1 billion to attend taxpayers who request credit for dividends, retentions, advance payments on exemptions and to compensate favorable balances generated in different taxes, ITBIS, Capital Gains Tax, Tax on Assets, among others.

Reimbursements of around RD$499 million in checks were also carried out.

The first reimbursement, of RD$160 million took palce in May, 2007, which “marked an historical fact in the tax administration of the Dominican Republic.

“The measure adheres to the Law’s dispositions and responds to a prior demand by business regarding the realization of a mechanism that guarantees competitiveness to different sectors of the economy,” the DGII said said in a statement to mark its 11th anniversary.

SOURCE: listin.com.do