anti-crisis measures entered their decisive phase following congressional approval of the bill promoted by the Ministry of Finance and Economy, which was praised by the institution as a step to reinforce fiscal stability and protect the most vulnerable sectors.
The initiative, known as the Bill on Economic Pro-Growth Measures, Tax Simplification, and Mitigation of the International Crisis, was backed by a bicameral commission after hearing from Minister Magín Díaz and business representatives. The file now moves to the Executive Branch for promulgation or observation.
anti-crisis measures and fiscal space
According to the Ministry of Finance, the anti-crisis measures seek to create fiscal space to respond to the international environment marked by tension in the Middle East and its effects on the economy. The Government had already explained that the proposal is structured around four axes: pro-growth, tax simplification, combating evasion, and fiscal consolidation.
In practice, the design combines selective relief with revenue adjustments. The bill does not modify the ITBIS or its rate, nor does it alter most of the selective taxes on fuels, alcohol, cigarettes, and telecommunications, and it excludes MSMEs from new tax burdens.
anti-crisis measures for businesses and workers
Among the most relevant changes are the elimination of advance payments for micro-enterprises and the redefining of the scheme for small businesses. The income tax-exempt salary threshold is also raised by 15%, from RD$34,685 to RD$39,900, in addition to expanding the deduction for educational expenses.
According to the information released during the legislative process, the plan also includes the elimination of taxes considered obsolete and benefits aimed at easing the pressure on the middle class.
anti-crisis measures and political support
The Ministry of Finance highlighted the leadership of the presidents of both chambers, Ricardo de los Santos and Alfredo Pacheco, as well as the willingness of the political benches that presented observations during the study of the proposal. This support was key for the bicameral commission to issue a favorable report.
The Government had submitted the initiative on Friday the 12th by order of President Luis Abinader, in a context where the administration seeks to balance economic incentives with higher revenues to face external impact.
The anti-crisis measures now advance to the final phase of the constitutional process, amid a debate on tax relief, fiscal discipline, and the State’s capacity to absorb external shocks.
If the Executive Branch promulgates it, the anti-crisis measures will be enabled for application under the corresponding legal framework, with direct effects on businesses, wage earners, and taxpayers at various levels.
In a scenario of international pressure and internal adjustments, the anti-crisis measures become one of the most relevant economic decisions of the moment for the Ministry of Finance, Congress, and productive sectors.
