On 23 January 2019, The Dominican Republic’s Directorate General of Internal Revenue (DGII) announced a proposal to reissue the simplified tax regime for micro-enterprises. The regime would be available for businesses with revenue up to USD171,825 and includes incentives such as reduced reporting requirements and additional income tax and VAT payment options.
Moreover, micro-enterprises will be exempt from the requirement to file the ITBIS form (IT1) and making the monthly ITBIS payment.
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