The Dominican Republic's Directorate General of Internal Revenue (DGII has published consultation letter G.L. No. 24506 in response to a question regarding withholding tax on dividends paid out of dividend income received as a result of investments in a real estate development trust, which was subject to 10% withholding. The letter provides that dividends distributed to shareholders by a company are not subject to 10% withholding to the extent calculated up to the limit of the company's divi…