20 January 2021
The Dominican Republic's Industrial Development and Competitiveness Center (Proindustria) has announced the publication of Law 242-20 on 28 December 2020, which provides for the extension of the tax incentives for qualifying taxpayers under the Proindustria Law. The incentives are extended for 15 years and are primarily available for manufacturers to renew and modernize their activities, including:
Without the 15-year extension, the incentives would have expired on 31 December 2020.
We’re here to answer any questions you have about the Orbitax products and services.
We’re committed to providing high value, low cost tax research and management solutions.
Our Twitter account is where you can find latest information, news updates, offers and lots more.