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.
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