How Dominican Trusts Are Taxed: Ruling 02-12, Transfer Taxes and the Trustee’s Duties A fideicomiso does not pay taxes the way a company does, but it is far from invisible to the tax authority. The rules of the game were set by Tax Authority Ruling 02-12, issued to spell out the duties and procedures that […]
Trademarks in Dominican Republic: How the Nice Classification Decides What Your Registration Protects Two companies can lawfully own the identical brand name in the Dominican Republic, one for software, one for rum, because a trademark registration protects a name only within the classes of goods and services it designates. Choosing those classes is not clerical […]
Dominican Tourism Sector Land Use and Organization Plan Resolutions issued by Ministry of Tourism of the Dominican Republic on March 26th of 2012, modify the Urban and Construction parameters for the northern part of the Samaná Peninsula, the Punta Cana, Bávaro- Macao Area, respectively. The purpose of these resolutions is to regulate the urban categorization, […]
Filing a Customs Declaration in the Dominican Republic: Five Business Days, One Filing, Real Surcharges An importer whose container is legally received at a Dominican port has five business days to file the customs declaration. Miss the deadline and the meter starts: a 5% surcharge for the first week of delay, plus 3% for each […]
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