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Dominican Republic: Tax amnesty available until early January 2021

Dominican Republic: Tax amnesty available

The Dominican tax authority (DGII) released General Rule 05-20 to implement tax amnesty measures and to facilitate tax compliance.

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Among the measures under this transitory relief mechanism (available until 11 January 2021) are measures that would allow taxpayers to settle their tax liabilities for 2017, 2018, and 2019 by paying an amount equal to 3.5% of the average net operating income declared during these fiscal years. The amount of taxes paid in these periods would effectively be treated as a credit.

Other provisions would allow for resolution of tax on transfers of real estate or motor vehicles, by a payment of 2% of the declared equity value, in addition to the applicable transfer tax.

Tax liabilities currently under appeal, either before the DGII or the tax court, could be settled by a single payment equal to 70% of the corresponding tax liability, thus eliminating the surcharges and interest fees.

There are other relief measures under the tax amnesty program.

Read a November 2020 report [PDF 455 KB] prepared by the KPMG member firm in the Dominican Republic

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