SANTO DOMINGO: The internal taxes agency (DGII) reported first quarter revenue of RD$80.1 billion (US$1.78 billion), or RD$5.7 billion more than the same period a year ago, for a 7.6% growth.
It said revenue reached 99% of the projection, or around RD$916.3 million lower than expected.
The DGII said March revenue topped RD$24.3 billion, or RD$385.4 million higher than the same month in 2014, for an increase of 1.6%. Revenue for hat month was 98% of projected, or RD$ 606.5 million lower.
“It’s worth noting that the annual growth in collection contains extraordinary income earned in March 2014 and 2015 totaling RD$2.1 billion and RD$218.5 million, respectively,” the DGII said, adding that excluding that extraordinary income, March 2015 revenue was 10.6% higher than the same period last year.
