Dominican Republic delays corporate rate reduction, lowers withholding rate

Latin American Tax Newsalert

The Dominican Republic government introduced several tax changes affecting multinational corporations engaged in business in the Dominican Republic. Importantly, the corporate income tax rate of 29%, which was scheduled to drop to 25% will now remain at 29% through December 2013. Thereafter, the rate will drop to 28% for 2014, and to 27% for 2015 and beyond.

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