FATCA Law in the Dominican Republic
The Internal Revenue Service announced the formal enforcement of the Intergovernmental Agreement, United States-Dominican Republic, to Improve International Tax Compliance (IGA) and implement the Foreign Account Tax Compliance Act (FATCA), ratified by the National Congress. FATCA Law The agreement entered into force following the diplomatic note issued last Wednesday, the 17th of the current month, […]
Income Tax for Corporations in the Dominican Republic
From a legal perspective and as established in Article 267 of the Dominican Republic’s Tax Code, we can define the Income Tax (ISR) as the annual tax based on the income obtained by individuals, legal entities, and undivided estates. This tax, managed by the General Directorate of Internal Revenue (DGII), is essential for funding public […]
Transfer Pricing in the Dominican Republic
This law was published on November 9, 2012, “Law No. 253-12,” modifying Article 281 of the Tax Code of the Dominican Republic. This change establishes that transactions carried out by a resident and related individuals, legal entities, or entities, whether residents, foreigners, or located in territories with preferential tax regimes, must be agreed upon based […]
What are the main taxes in the Dominican Republic?
In the Dominican Republic, there are several types of taxes, but at least five are considered the main taxes. What are the types of taxes in the Dominican Republic? What are the main taxes in the Dominican Republic? We explain it all here. What are they, and why do we pay them? According to the […]
Which profits are subject to income tax?
Income tax is one of the main taxes in the Dominican Republic, and in this article, we will explain some important aspects to keep in mind. According to the Directorate General of Internal Revenue (DGII), income tax can be defined as: “The tax that levies all income, profit, or benefit earned by individuals, companies, and […]
What Is the Annual Tax Return and When Is It Filed?
What is an annual tax return? When should it be filed? Who is required to file it? How do you file a tax return in the Dominican Republic? How do you complete an annual tax return? In this article, we will cover important aspects to consider regarding the annual tax return IR-2 and annual tax […]
What Are a Company’s Tax Obligations?
After creating a company or corporation in the Dominican Republic, certain tax obligations arise, which are commitments acquired when registering in the National Taxpayers Registry (RNC) as a taxpayer. What Are Tax Obligations? The General Directorate of Internal Taxes (DGII) defines them as follows: Tax obligations are established by law and are assigned based on […]
What is a Declaration of Assets, and How is it Done?
If you are a public official, you may wonder: How should the declaration of assets be done? Learn everything you need to know about this type of declaration in the Dominican Republic. In this article, we will discuss the declaration of assets for public officials. What is it, and how to do it? We’ll explain […]
What is the Corporate Income Tax in the Dominican Republic?
The corporate income tax is a levy on the income of companies, corporations, and other legal entities in the Dominican Republic. Learn about the main aspects of this tax by reading this article. We explain what the corporate income tax is, how it should be filed, when it should be paid, who is obligated, and […]
Who Is Exempt from Paying Income Tax?
According to the Tax Code, Income Tax (ISR) is the tax levied on all income, earnings, profits, or benefits obtained by individuals, estates, or undivided successions within a given fiscal period. In this article, we explain who are the withholding agents for income tax, who is exempt from Income Tax in the Dominican Republic, what […]
