Dominican Republic

Corporate taxation

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.

Transfer pricing

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.

Links

Transfer Pricing Case Law

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