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 […]
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 […]
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 […]
A foreign supplier of goods and services may choose to enter the Dominican market by selling his/her products through Dominican agents and distributors or representatives. The different channels of selling are subject to different legal frameworks. Contracts involving Dominican agents and distributors are generally governed by the Civil Code of the Dominican Republic, whose freedom […]
By Maria Arthur (marthur@aclaw.com) 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 […]
By Maria Arthur (marthur@aclaw.com) The Dominican Republic trademarks, copyright and patent laws provide the principal protection for intellectual property matters. Dominican Republic is a member of the WTO agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS) and has agreed to the minimum standards of protection and reciprocal treatment provided in this treaty, pursuant to the […]
By Arthur & Castillo (info@aclaw.com) Employment in Dominican Republic is regulated by the provisions of Law 16-92 of May 29th of 1992, which approves the DR Labor Code, to establish the rights and obligations of employers and workers and promote the means to reconcile their interests. Among the topics covered in the labor code are […]
By Felipe Isa Castillo (fcastillo@aclaw.com) International sale of goods contracts in Dominican Republic and elsewhere are also called ”documentary sale” transactions. The purpose of presenting the documentary transaction is to illustrate not only what is happening but also, why it is done in a particular manner. There are several factors to consider in an international […]
Dominican Tourism Law 541 of 1969 of the Dominican Republic declares of national interest the promotion of Dominican tourism, whether, historic, religious, archaeological, of natural resources and all other forms and its related activities. Tourism Law 541 was enacted at a time when most Dominican Tourism was of local nature and the country’s wide array […]
Under Dominican Republic Law 479-08 of Commercial Entities and Individual Limited Liability Enterprises provides that one or more business entities may by way of merger transfer their assets to an existing entity or to a newly incorporated entity. In relation to Dominican Republic company spin offs, Dominican Law No. 479-08 states that business entities may […]