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Dominican Rep

16 September 2020

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Dominican Republic Complementary Budget Law Enacted Including Tax Settlement Measures

The Ministry of Finance of the Dominican Republic has announced the enactment of the Complementary Budget Law (Law No. 222-20), which entered into force on 8 September 2020 and includes measures to mitigate the crisis caused by the COVID-19 pandemic. With regard to taxation, the main measures are for tax settlement, including:

  • an option to close the 2017, 2018, and 2019 tax years from any further audit through the payment of a 3.5% special tax (plus a 2% special revaluation tax) on the average net operating income declared for tax purposes for the three tax years;
  • a settlement facility for tax determinations by the tax authority that are under objection or appeal at the time the law was enacted, which allows the tax to be settled by making a one-time payment of 70% of the tax determined without interest or penalties; and
  • a settlement facility for tax debts determined through ordinary declarations or voluntary corrections, which allows the tax to be settled by paying 100% of the tax due over a maximum period of 12 months with interest but no penalties.

Law No. 222-20 entered into force on 8 September 2020.

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