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.
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
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