Dominican Republic: Additional tax relief measures (COVID-19)

Dominican Republic: Additional tax relief measures

The tax authority (DGII) and executive branch of the Dominican Republic announced further tax relief measures in response to the coronavirus (COVID-19) pandemic.

1000

Related content

One measure imposes a cap on the value of real estate eligible for “low-cost housing treatment.” Other measures allow amendments to certain tax returns via the tax authority’s online portal (OFV), provided that the amendments are made within the applicable due dates. Changes may also be made via the OFV portal with regard to information about an entity’s shareholders, capital increases and reductions, and branch registration as provided in the national taxpayer registry (RNC).

As tax relief, taxpayers that owe a payment of advance corporate income tax for June 2020 (due on 15 July 2020) are “exempt” from this installment. The payment of individual income tax and corporate income tax can be made in four equal installments.


Read a June 2020 report [PDF 190 KB] prepared by the KPMG member firm in the Dominican Republic

© 2022 KPMG LLP, a Delaware limited liability partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.


For more detail about the structure of the KPMG global organization please visit https://home.kpmg/governance.

The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us

 

Want to do business with KPMG?

 

loading image Request for proposal