On 5 January 2023, the Dominican Tax Authorities (DGII) published General Rule No. 01/2023 regarding temporary exemptions for the agriculture sector. The major benefits include following measure:

  • Exemption from the requirement to pay income tax in advance (ISR) each month.
  • Exemption from the tax on assets.
  • Exemption from the 5% withholding tax on payments made by the public sector to agricultural businesses.

These new measures are effective retroactively as from 1 January 2023. However, these exemptions provided for the agricultural sector under General Rule No. 01-2008 are extended for 2023.