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Santo Domingo.- The Senate approved this Tuesday, in two consecutive readings and as a matter of urgency, the bill that repeals article 61 of Law 30-26 on Pro-Economic Growth, Fiscal Simplification and International Crisis Mitigation Measures, which restores the validity of article 4 of Law 6-86, of March 4, 1986.
n” “nThe initiative, presented by deputies Rafael Castillo, Pedro Julio Alcántara and Amado Díaz, returns to the General Directorate of Internal Taxes (DGII) the authority to collect the funds corresponding to the Pension and Retirement Fund for Construction Workers (Fopetcons).
n” “nArticle 61 of Law 30-26 established that the Social Security Treasury (TSS) would assume the collection of 1% of the value of all public and private works, as well as 1% of the salary of construction sector workers, to finance Fopetcons.
n” “nWith the repeal of that article, that provision is eliminated and the scheme provided for in Law 6-86 is maintained, which assigns the collection of those resources to the DGII and the administration of the pensions to the Technical Council for the Administration and Control of Construction Area Funds.
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Law 30-26, which contains the package of measures to address the effects of the international crisis, was enacted by President Luis Abinader on June 18 as part of the strategy to strengthen public finances.
n” “nWe recommend reading: Senate approves Chamber of Deputies’ changes to the reform of Law 225-20 on solid waste
n” “nAs explained by the Minister of Finance, Magín Díaz, this legislation will allow the State to collect between RD$40 billion and RD$50 billion additionally to strengthen the economy, maintain social programs, and guarantee the continuity of strategic investments.
n” “nIn addition to this change, Law 30-26 modifies the Income Tax (ISR) scale, creates a 27% tax bracket for annual incomes exceeding RD$4.8 million, and increases levies such as the tax on checks and electronic transfers, as well as the departure tax from the national territory.
