Dominican Republic pushes for tax increases to offset surge in oil prices

The Dominican Republic plans to increase or implement new taxes to generate $800 million annually, targeting companies earning over $17 million, airline tickets, casinos, gambling, and electronic cigarettes. Tax exemptions will apply to micro-enterprises and individuals earning less than $680 monthly, while fuel subsidies totaling $350 million have already been allocated this year to mitigate rising oil prices linked to the Iran war.