Cuban government eliminates tax on dollar and opens more stores in foreign currencies
Help us keep OnCuba alive The Cuban government announced this Thursday that it will abolish the tax on the U.S. dollar, which had been the complaint of many Cubans, both those who send remittances and those who receive them, especially from the United States. The suppression of this tax, in force for 15 years, is intended to encourage the purchase of goods freely convertible currency in state-run commercial establishments. It seeks to raise more foreign currency at a time when Cuba has received a severe blow to its main sources of income, particularly tourism, as a result of the current international situation and the increase in the U.S. embargo. Its elimination will come into effect on Monday July 20 and is part of a package of measures, many of them identified in previous programmatic documents, but slowed down or not carried out to date, that seeks to alleviate the complex economic situation the island is going through, aggravated by the impact of the coronavirus pandemic. Also part of the package is the opening of new stores for retail sale in freely convertible currency in 72 establishments throughout the country and which will also begin their services next Monday, according to...


























