Tax on electronic transfers grows by almost 70%

Revenues from the electronic transfer tax in the Dominican Republic have experienced a significant surge, growing by nearly 70 percent. This financial increase follows adjustments made to certain tax rates and amounts proposed by the Dominican government as part of an anti-crisis plan introduced in June.

The higher collections are beginning to yield positive outcomes for public finances, according to reports. The fiscal adjustments were designed to bolster government revenue amidst broader economic challenges addressed by the mid-year anti-crisis measures.