The tax authority (DGII) plans to strengthen oversight of tax-exempt non-profit organisations and shell companies amid concerns they are being used to evade taxes. Director Pedro Urrutia said the agency will increase audits, monitor asset acquisitions and scrutinise organisations whose activities do not align with their stated objectives. At the same time, the DGII aims to simplify tax compliance for legitimate businesses through digital reforms and streamlined procedures. Urrutia said the recently enacted Anti-Crisis Law is projected to generate more than US$331mn in additional government revenue this year while encouraging business formalisation.
Source: Caribbean Insight