Dominican Regulation of Sale Transfers and Endorsements of New and Used Motor Vehicles, 06-2013 was issued on December 12, 2013 and provides for a procedure to formalize the transfers of vehicles in favor of concessionaires and dealers. Said procedure includes the duty, by the owner of the vehicle, to notify the transfer or exchange of […]
Tax Collection Efficiency Law 253-12 dated November 9th of 2012, eliminates the broad tax incentives which were previously available to individuals or legal entities that made one or several direct investments with the originally qualified promoters or developers of the tourism activities established in Law 158-01, dated October 9th of 2001, of Incentives for Tourism […]
Tax Regime of Trusts in Dominican Republic was issued under Tax Authority Ruling 02-12 with the purpose of establishing the regulations and procedures to be complied with by trusts and the parties thereto involved, with respect to their tax duties and obligations. Pursuant to the provisions set forth under Law No.189-11 for the Development of […]
The filing and payment of sales tax by Dominican Free Zone Enterprises is regulated under Dominican Tax Administration (DGII) General Tax Norm 5-2011 of June 29th of 2011. Such Norm provides that all enterprises benefiting from the Dominican Free Zones regime through Free Zones Law 8-90 of January of 1990, shall submit a sworn statement […]
Dominican Transfer Pricing Regulation, thereby establishing the rules applicable to operations that take place among related entities when the amounts transacted differ from those agreed among independent entities, was issued by the Dominican Tax Administration (DGII) on June 2, 2011. Its provisions reach any operation or transaction made by enterprises or local companies of foreign […]
Dominican Republic Tax Exemptions Requests and Processing Decree 162-11 was issued on On March 15th, 2011. Decree 162-11 establishes, among others, the following: Previous processing of tax exemptions before the Ministry of Finance. All requests of exemptions supported under laws, concessions, contracts ratified by the Dominican Congress shall be submitted to the Minister of Finance […]
Dominican Republic Customs Valuation is governed by Decree 36-11 of January 20th of 2011 establishing the Regulation for Customs Valuation pursuant to the GATT 1994 Valuation Agreement, whose purpose is to develop the provisions of the Agreement relative to the application of Article VII of the General Agreement of Tariffs and Trade (GATT) of 1994, […]
Renewable Energy tax incentives in Dominican Republic are instituted under Law 57-07 of May 7, 2007, which grants companies that undertake the production of renewable energy in Dominican Republic (“DR”) territory and who invest in renewable energy production projects with several tax and customs incentives, including: a) 100% exemption from import duties for equipment, machinery […]
© Arthur & Castillo. All Rights Reserved.