According to recent reports, the Dominican Republic enacted Law 12-21 on 22 February 2021, which establishes a new regulatory framework that updates and replaces Law 28-01 on tax incentives for the Special Border Development Free Zone with immediate effect. The zone covers provinces near the border with Haiti, including Pedernales, Bahoruco, Independencia, Elías Piña, Dajabón, Montecristi, and Santiago Rodríguez.
Under Law 12-21, the tax incentives for qualifying companies operating in the z…