Question

what are the categories with highest tariffs in the domican republic?

Answer 1

Tariff is a kind of tax which is taken by the government of a particular nation on the goods which are exported or imported .The product that mainly exports by the domican republic are gold, protection equipment, silver etc

Mainly two taxes are taken from the imported goods by the domican republic and they are.

• Tariff : it is the basic tax which is taken by the government for the imported goods.
• Excise tax : this is a kind of tax taken for laxuray imports. The laxuray goods are gold , jewellery ,perfume ,vehicles etc.when we are importing laxuray goods then it a laxuray import.