Dominican Border Zone Tax Incentives Law 12-21 covering the provinces located in the Dominican border: Pedernales, Independencia, Elías Piña, Dajabón, Montecristi, Santiago Rodríguez y Bahoruco, was enacted on February 22nd of 2021, in order to renew the 20 year tax incentive regime period that phased-out in February 2021, aimed at intensifying and propelling the economic, […]
Dominican Tourism Incentives Law 158-01 of October 1st, 2001, as amended, provides that all individuals and enterprises that venture, promote or invest capitals in designated tourism zones, for tourism activities such as hotels, resorts, cruises, conventions, congresses, festivals, shows and concerts facilities, infrastructure for basic services, entertainment, bio and theme parks, port and maritime infrastructure, […]
The Donations Tax in the Dominican Republic applies to all transfers of property made through a Donations Act, at the same taxable rate in place for the income tax of legal entities (currently 27%), over the value of the goods donated; payable by the donatee or recipient, or by the donor if stipulated therein; according […]
Dominican Customs Law established that the Dominican Customs Administration is responsible for preventing illegal tax acts and to apply administrative sanctions, collect tax debt, whether voluntarily or by exercising its powers of tax fiscal enforcement, being able in that aspect, to re- liquidate and collect duties and taxes that for any concept are owed to […]
Dominican Taxation and Tax Treaties ratified by the Dominican Republic consist of the following: Income tax: The Dominican Government levies corporate income tax at the flat rate of 27% on profit after allowable tax deductions. The basis for determining taxable income is locally sourced income and foreign source income derived from investment and financial gains. […]
The General Customs Administration has established the system for self- determination of the customs tax obligation. Through this system, the taxpayer of the customs tax obligation (importer, consignee, customs agent or broker) has the power to set, by itself, the quantity of the customs tax obligation. The above means that the taxpayer acknowledges the imported […]
Dominican Industrial Qualification Certificates were awarded to 16 companies on May of 2015 by the Center for the Industrial Development and Competitiveness that will benefit from the provisions established under Law 392-07 of Industrial Development and Competitiveness; including tax and custom duties exemptions, in order to promote actions that shall endeavor the improvement in the […]
Dominican Republic real estate property purchase or sale should be made through a written contract in which the parties reflect their agreement about the identity of the property being sold, the sales price and the terms and conditions of the sale. It is recommended that the seller and the buyer obtain advisory from an attorney in […]
Dominican Real Estate Property Sale Tax Ruling 08-2014 of December 22, 2014, provides for the Release of Real Estate Property from the seller’s information registered at the Dominican Tax Administration’s registration system. Individuals and legal entities that sale a real estate property before or after the publication of said Tax Ruling must file a release […]
Dominican Regulation of Transfers and Endorsements of New and Used Motor Vehicles, 06-2013 was issued on December 12, 2013 and provides for a procedure to formalize the transfers of vehicles in favor of concessionaires and dealers. Said procedure includes the duty, by the owner of the vehicle, to notify the transfer or exchange of the […]
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