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A tax-free shopping retailer. Tax-free shopping (TFS) is the buying of goods in another country or state and obtaining a refund of the sales tax which has been collected by the retailer on those goods. [1] The sales tax may be variously described as a sales tax, goods and services tax (GST), value added tax (VAT), or consumption tax.
Import duty refers to taxes levied on imported goods, capital and services. The level of customs duties is a direct indicator of the openness of an economy to world trade. However, there may also be import barriers that are not based on the levy of duties.
Value added tax or VAT, (in Italian Imposta sul valore aggiunto, or IVA) is a consumption tax charged at a standard rate of 22 percent, which came in on 1 July 2013 (previously 21 percent). The first reduced VAT rate (10 percent) applies to water supplies, passenger transport, admission to cultural and sports events, hotels, restaurants and ...
She compared the border-adjustment tax proposed by the GOP in 2016 to the value-added tax (VAT) that many other countries use. The former is a business tax while the latter is a sales tax; the former is protectionist and the VAT, like a sales tax, is not. Freund uses the example of Maryland's 6% sales tax, which applies to all imports ...
The Ministry of Industry, Trade and MSMEs (Spanish: Ministerio de Industria, Comercio y Mipymes) of the Dominican Republic is a government institution in charge of formulating, evaluating and supervising the country's policies, plans and projects related to industries, exporting, internal trade, external trade, industrial zones and micro, small and medium-sized enterprises (MSMEs).
The Dominican Republic and Puerto Rico, two of the most generous locations in terms of film incentives, are expecting a record boom. “The number and size of projects coming to the country have ...
A tax incentive is an aspect of a government's taxation policy designed to incentivize or encourage a particular economic activity by reducing tax payments. Tax incentives can have both positive and negative impacts on an economy. Among the positive benefits, if implemented and designed properly, tax incentives can attract investment to a country.
The Ministry of Finance (Spanish: Ministerio de Hacienda), also Ministry of Internal Revenue, of the Dominican Republic is the government institution in charge of preparing, executing and evaluating the coutry's fiscal policies, including national income, expenses and finance and securing its sustainability in relation to the economical policies.