The corporate tax rate in the Dominican Republic is 27%. In addition, the 1% rate assets tax is considered an alternative minimal income tax, payable when the CIT is lower than the assets tax. Dividends/profits remitted abroad or paid locally are subject to a withholding tax (WHT) of 10% as a definitive tax payment.
Article 281 of the Tax Code (hereinafter DTC) regulates transactions between associated taxpayers. Accordingly, it is provided that: “Transactions between a resident and a related party must be agreed according to the prices or amounts that would have been agreed between parties independent, in comparable transactions and under the same or similar circumstances.