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War & Conflict3h 50m ago
The Dominican government announced plans to increase or implement new taxes to generate approximately $800 million in additional annual revenue.
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SANTO DOMINGO, Dominican Republic
Who
Dominican government, President Luis Abinader, Magín Díaz, National Council of Private Enterprise
What
The Dominican government announced plans to increase or implement new taxes to generate approximately $800 million in additional annual revenue.
When
Thu, 11 Jun 2026 23:09:44 GMT · 3h 50m ago
Where
SANTO DOMINGO, Dominican Republic ·
Why
The tax increases are intended to offset a surge in oil prices attributed to the Iran war.
The Frontline Impact
How this affects you
The proposed tax hikes, including a 30% income tax increase for certain companies and new taxes on airline tickets and gambling, aim to address the financial burden of rising oil prices and reduce the need for fuel subsidies, with a scheduled implementation in January 2027.
Story chain
3 events in this thread- War & Conflict3h 50m agoThe Dominican government plans to increase or implement new taxes to generate some $800 million in additional revenue annually.Open article
- War & Conflict3h 50m agoThe Dominican government announced plans to increase or implement new taxes to generate $800 million annually, aiming to offset a surge in oil prices attributed to the Iran war.Open article
- Currently Reading3h 50m agoThe Dominican government announced plans to increase or implement new taxes to generate approximately $800 million in additional annual revenue.