Dominican Tax Havens List
The List of Countries or territories regarded as Low Tax Jurisdictions and Tax Havens was published on May 20, 2013 by the Dominican Tax Administration (DGII), pursuant to the provisions of Article 2 of the General Regulation 4-2011 of Transfer Pricing, are the following:
- Andorra
- Anguilla
- Antigua and Barbuda
- Antilles
- Aruba
- Bahamas
- Barbados
- Bahrain
- Belgium
- Belize
- Bermuda
- British Virgin Islands
- Brunei
- Cayman Islands
- Chile
- Cyprus
- Dominica
- Philippines
- Gibraltar
- Granada
- Guatemala
- Guernsey
- Niue
- Netherlands
- Panama
- Samoa
- Saint Kitts and Nevis
- San Marino
- Saint Vincent
- The Grenadines
- Ireland
- Cook Islands
- Isle of Man
- Isle of Labuan of Malaysia
- Jersey
- Liberia
- Liechtenstein
- Luxembourg
- Malta
- Marshall Islands
- Mauricio
- Monaco
- Montserrat
- Nauru
- Saint Lucia
- Singapore
- Switzerland
- Turks and Caicos Islands
- Uruguay
- Vanuatu
The definition of low or zero tax States or tax havens was established in the Tax Reform Law No.253-12 dated November 8 of 2012, as “those where the tax on Income, or taxes of equal or similar nature, is notably inferior to the tax that would correspond to pay by the same tax payer under the general regime in the Dominican Republic”
In view of the above, local enterprises or entities of foreign capital that perform any operation or transaction with individuals, enterprises or entities resident or domiciled in the mentioned jurisdictions, should be subject to Dominican Republic transfer pricing rules, according to the provisions of said General Regulation No.04-2011 of Transfer Pricing.
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