Santo Domingo. – The president of the Dominican Confederation of Micro, Small and Medium Enterprises (Codopyme), Luís Miura, valued as very positive and timely the resolution of the Ministry of Finance not to collect the advance from MSMEs.
This measure will alleviate the tax burden of the national productive sectors and will cease to affect working capital, given that in many cases they had to pay advances on sales before collecting invoices, mainly in Mipymes supplying the State, which sometimes pays them up to six months in arrears.
He also applauded the bill to make a tax amnesty, which will make it easier for many companies in the sector to catch up with their tax obligations.
“The only observation is that I understand the rates for MSMEs have to be lower and using the same criteria as for the elimination of advances, applying the business classification of Law 488-08 and its modification with Law 187-17. In that order, we ask the authorities of the Ministry of Finance and the National Congress to approve the Tax Amnesty Law with rates of 0.5 for micro-businesses, 0.75% for small businesses, and medium-sized businesses from 1% to 1.5%”, Miura stated.