The Dominican Republic's Directorate General of Internal Revenue (DGII) published a consultation letter on 13 January 2023 in response to a question regarding the treatment of interest payments on a loan with a related party in Panama. The letter clarifies that, as long as payments are made for interest generated on loans obtained abroad, tax must be withheld at a rate of 10% as a single and final payment in accordance with Article 306 of the Tax Code. Further, the letter clarifies that the …