Dominican Customs Law

Dominican Customs Law 3489, of February 14 of 1953 and its amendments, contains the customs regime of the Dominican Republic (DR). The last amendment to Law No. 3489 was made by the Law No. 226-06, which grants legal personality and functional, budget, administrative, technical autonomy and its own patrimony to the Dominican General Customs Administration […]

DR Taxation and Tax Treaties

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. There are very few differences between statutory profit and taxable profit, apart from the […]

Buying Dominican Real Estate

Persons wishing to buy, sell, convey or transfer Dominican real estate property should note that Dominican real estate operations are governed by Dominican Real Estate Property Registration Law No. 108-05 of 2005 and its regulations, the Civil Code and other special Dominican laws which may apply depending on the type of transaction. General Requirements of […]

DR Investment Tax Incentives

Exports Promotion: Law 84-99 of Promotion of Exports of the Dominican Republic provides for certain incentives, such as the reimbursement of taxes and customs duties paid by the exporters for raw materials, components, intermediate goods, labels, containers and packing material, if those are incorporated to export goods or returned abroad in the same condition that […]