DGII collected more than DR 57,300 million in August

The General Directorate of Internal Taxes (DGII) reports that the collection corresponding to the month of August 2023 totaled DR 57,311.9 million, for a compliance of 101.1 % of the General State Budget, reformulated as estimated for this period.

The DGII points out that, if one compares the collection of August of this year with that of 2022, the current period shows a growth of 14.9 %, with DR 7,429.9 million above.

Meanwhile, for the period January – August 2023, the State collection entity accumulated a revenue of DR 522,677.9 million, for a compliance of 100.1 %, with DR 652.5 million above the reformulated estimate.

Likewise, a growth of 18.8 % was recorded compared to the January-August 2022 period, which is equivalent to DR 82,890.7 million.

It indicates that the institution collected 74.7% of the State’s revenues, through the different collecting entities, during the month of August 2023.

Contributions from the main taxes

Likewise, it indicates that the contributions from taxes were headed by DR 15,381.6 million, which came in from the payment of the Tax on the Transfer of Industrialized Goods and Services (ITBIS), for a compliance of 105.1 %.

August collections of the Corporate and Asset Income Tax amounted to DR$10,922.3 million, compared to DR 1,392.6 million, collected in the same period of 2022.

In contributions, it is followed by the Individual Income Tax, which presents a revenue of DR 7,849.1 million, for a positive variation of DR 1,026.7 million, with respect to August 2022, and a compliance of 115.9 %. This was mainly driven by the growth in the number of new registered employees.

The Selective Alcohol and Tobacco taxes presented a collection of DR 2,376.0 million, for a positive variation of DR 253.1 million, which was driven by the beer sector, presenting an increase of DR 413.3 million, for a growth of 31.6 %, as well as a compliance of 99.3 %.

Source: presidencia.gov.do

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Dominican Republic Live Editor

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