Tax exemption on gifts from Dominicans abroad will cover the whole year

The Finance Committee of the Chamber of Deputies approved the amendments to the bill that seeks to exempt from import taxes the gifts of Dominicans residing abroad.

The original proposal, approved by the Senate in April of this year, limited the exemption to the Christmas and New Year’s holidays and in the summer of each year. However, after the committee’s review, it seeks to extend this tax grace during the year, as long as the Creoles have remained more than six months without visiting the country.

The president of the Finance Commission, Jose Santana, confirmed that the proposal was scheduled for discussion in the plenary of the Chamber of Deputies next week.

He said that subsequently, it is expected to be returned to the Senate for its final approval, with the intention that the document will be in force by December, allowing Dominicans to benefit from this Christmas season, according to Diario Libre.

The objective is to give the possibility to all Dominicans and “avoid discriminatory treatment” to those who regularly return at other times of the year, he said.

“We proposed that the only requirement is that Dominicans abroad have not been in the country for at least six months, so that they can bring their presents in summer, autumn, winter, at any time of the year, without paying taxes,” said the legislator.

Source: Arecoa

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Dominican Republic Live Editor

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