On 10 September 2019, the Ministry of Public Finance presented an annual budgetary proposal for the year 2020 and sent it to the Executive Branch to take it into account for the annual budget. It covers financial activities, excise duty on alcohol and tobacco.
Related Posts
Dominican Republic mandates corporate taxpayers to designate responsible individual for tax obligations
The Dominican Republic's General Directorate of Internal Revenue (DGII) has released Notice No. 21-24 on 25 October 2024 outlining the requirement for corporate taxpayers to identify the individual who will represent the company or entity before the
Read MoreDominican Republic unveils rules for enforcing mandatory e-invoicing
The Directorate General of Internal Revenue (DGII) of the Dominican Republic has released Notice 20-24 regarding the promulgation of Decree 587-24, which introduces new regulations for implementing Law 32-23, known as the Electronic Invoicing
Read MoreDominican Republic withdraws fiscal reform plan
Dominican President Luis Abinader announced the withdrawal of the draft Law on Fiscal Modernization from the legislative agenda of the National Congress because of insufficient consensus among various social groups and the government on Monday, 21
Read MoreDominican Republic consults repeal of tax exemptions on financial transactions
The Dominican Republic’s Directorate General of Internal Revenue has introduced an online consultation forum regarding the proposed rule to repeal the previous administrative exemption granted to specific sectors about the 0.15% excise tax on
Read MoreDominican Republic unveils fiscal reform plans
The Dominican Republic introduced a draft Law on Fiscal Modernization aimed at modernising its tax system and increasing revenue on 8 October 2024. The reform is reviewing tax incentives for sectors like tourism and cinema, and it will introduce
Read MoreDominican Republic extends CbC reporting deadline
The Dominican Republic's Directorate General of Internal Revenue (DGII) announced a second extension for the submission deadline of Country-by-Country (CbC) reports, published in Notice 16-2024, dated 30 August 2024. The new deadline for
Read More