Finance

Santo Domingo.- The National Association of Hotels and Tourism (Asonahores) voiced considerable worry over the government’s suggested tax reform. They argued that it may have a negative impact on the tourism sector and economy. Asonahores president, David Llibre, elaborated on the need for competitive tax laws to lure foreign investment and foster new hotel construction. … Read more

Santo Domingo.- Airbnb executives show readiness to pay taxes in the Dominican Republic, but suggest tax system upgrades. Carlos Muñoz, Airbnb’s top official for Public Policy and Government Affairs, calls for tech-optimized integration between Airbnb and the tax collection system. This is to address worries about potential audits by the General Directorate of Internal Taxes. … Read more

A group of Haitians staged a protest yesterday morning at the Verón-Punta Cana district. They were stationed on the Eastern Tourist Boulevard, hiding among the mountains. They were said to have stones, sticks and bottles, allegedly to attack the buses transporting workers daily. The protest was reportedly due to the drivers’ refusal to transport them … Read more

Punta Cana. The Corales Puntacana Championship was nominated for “Best Marketing Initiative” and “Best Element of its Class”. The nominations were part of the 2023-2024 PGA TOUR Tournament Awards. These awards spotlight innovative ideas from PGA TOUR tournaments and their positive impact on communities. “PGA TOUR Tournament Awards” aims to applaud the exceptional efforts of … Read more

In Punta Cana, the Government announced that the tax reform project is being sent to the National Congress at 4 pm. This reform aims to ensure social protection, support public investment, and focus on crucial expenses. Finance Minister José Manuel Vicente stated that the tax reform aims to create fair and understandable rules for all. … Read more

The first time in nine years, the National Review Assembly convened at 2:00 pm in Punta Cana today. The session was to review the Republic’s Constitution reform project. Introduced by the Government, the reform contains nine articles. The focus is primarily on election unification and preserving the presidential election rules. The reform also suggests reducing … Read more

Santo Domingo.- The Dominican Republic’s Hotel and Tourism Association (ASONAHORES) has called for a complete analysis of current tax systems. It proposed this as part of the Tax Reform. ASONAHORES emphasized the need to protect sectors promoting economic growth and job prospects. David Llibre, the president of ASONAHORES, underlined the significant contribution that industries like … Read more

Punta Cana: There was a fatal traffic accident on the Coral Highway nearby the first toll booth in Punta Cana. Per @accidentes_rd, around 20 motorcyclists involved in underground racing were implicated. An eyewitness had anticipated this might occur given the speed and reckless driving postures observed. Illicit races like these are prevalent in this area, … Read more

Punta Cana. The spotlight was on the Dominican Republic as it hosted the first UN Tourism Summit for Africa and the Americas in Punta Cana. Notable attendees included Vice President Raquel Peña. She was gifted a symbolic sculpture by famous Dominican artist Juan Trinidad. The sculpture symbolizes unity between Africa and America. It will be … Read more

New York – Igor Rodríguez Durán, Director of the Dominican Institute of Civil Aviation (IDAC), mentioned the Open Skies agreement with the United States as a noteworthy opportunity for the civil aviation sector and its clientele. At the Dominican Week 2024 in New York, organized by the American Chamber of Commerce of the Dominican Republic … Read more