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Dominican Republic Providing Capital Duty Payment Deferral for Company Incorporation

|Approved Changes|Dominican Rep
Dominican Rep

The Dominican Republic's Directorate General of Internal Revenue (DGII) has published a draft general norm for public comment on the deferral of the payment of the 1% capital duty for the incorporation of companies. This includes a company may opt to defer the capital duty payment until the deadline for the presentation and payment for the company's first corporate income tax return. The deadline for comment is 5 May 2021 and if no comments are received (that would result in changes), the pu…

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