What is and When is the Monthly Tax Return Filed?
What is the monthly tax return? When should it be done? Who must file it? What is IR17? What is IT-1? What is IR-3? In this article, we cover the important aspects of the monthly tax return in the Dominican Republic. What is a Tax Return? According to the General Directorate of Internal Taxes (DGII), […]
Types of Monthly Declarations 2023: What Are They and What Do They Mean?
Do you know how many types of monthly declarations exist in the Dominican Republic? What are the types of sworn declarations in the Dominican Republic? The monthly sworn declaration is a document through which taxpayers can declare their income. In the Dominican Republic, there are several types of mandatory or tax-related monthly declarations for both […]
Transfer Pricing Report in the Dominican Republic
In the Dominican Republic, transfer pricing regulations are governed by Articles 281, 281 bis, 281 ter, and 281 quater of the Tax Code, and the Transfer Pricing Regulations, recently amended by Decree No. 256-21. According to the General Directorate of Internal Taxes (DGII), transfer pricing can be defined as: The value assigned to transactions between […]
What are the monthly taxes in the Dominican Republic?
According to the General Directorate of Internal Taxes (DGII), tax obligations are established by law and are assigned based on the economic activities declared by the taxpayer. These obligations arise on the date of the start of operations declared at the time of registration with the RNC and must be fulfilled on specific dates. The […]
How to Avoid Fines and Penalties from the DGII?
All taxpayers, whether individuals or legal entities, must be up-to-date with tax payments to the General Directorate of Internal Taxes (DGII) to avoid fines or penalties that can lead to unnecessary expenses. Meeting tax obligations on time is not an easy task; due to lack of time, ignorance, or inadequate advice, one may commit infractions […]
What Are the Tax Exemptions in the Dominican Republic?
Tax benefits are deductions and exemptions that relieve certain taxpayers from paying a tax. In the Dominican Republic, the application of these benefits aims to: promote certain economic sectors, develop some regions, stimulate employment, and attract foreign investment. Learn about tax exemptions in the Dominican Republic that apply to certain taxpayers. What are the tax […]
What Are Tax Exemptions in the Dominican Republic?
Tax benefits refer to those deductions and exemptions that relieve certain taxpayers from paying a tax. In the Dominican Republic, the application of these benefits aims to promote certain economic sectors, develop specific regions, stimulate employment, and attract foreign investment. Learn about tax exemptions in the Dominican Republic that apply to some taxpayers. What are […]
Annual Income Tax Sworn Declaration
What is the annual income tax sworn declaration? When should it be filed? Who should submit it? In this article, we explain important aspects to consider about the annual income tax sworn declaration in the Dominican Republic. What is a Tax Payment Sworn Declaration? A sworn declaration is a document, either printed or digital, in […]
Annual Asset Tax Sworn Declaration
What is the annual asset tax sworn declaration? When should it be filed? What assets are taxed by this tax? In this article, we explain important aspects to consider about the annual asset tax sworn declaration in the Dominican Republic. What is the Asset Tax in the Dominican Republic? This declaration is used to liquidate […]
Sworn ITBIS Declaration in the Dominican Republic
Do you know what Form IT-1 entails? What is the monthly ITBIS sworn declaration? What does this tax cover? In this article, we explain important aspects of this tax in the Dominican Republic. What is a Sworn Tax Payment Declaration? A sworn declaration is a document, which can be printed or digital, in which taxpayers […]
