DGII misses Dominican Republic tax revenue target for August

The Dominican Republic's General Directorate of Internal Taxes (DGII) failed to meet its revenue targets for August, collecting RD$75,011.9 million against a projected RD$76,048.5 million. This represents 98.6% of the estimated goal, leaving a deficit of RD$1,036.6 million.

Despite the implementation of a government anti-crisis plan designed to increase revenue through higher tax rates, several key areas fell short of expectations. The passenger departure tax, which saw its rate increase from $20 to $30, contributed only RD$1,313.8 million, significantly lower than the projected RD$2,017.2 million. Other underperforming sectors included taxes on checks, bank transfers, and gambling.

In contrast, certain taxes, such as the selective tax on beer, managed to meet their estimates following legislative adjustments intended to prevent revenue loss due to interpretation issues.