Dissolution and liquidation of companies in the Dominican Republic
The dissolution and liquidation of companies in the Dominican Republic guarantees the termination of legal personality and compliance with all legal and tax obligations.
Most Common Mistakes When Managing ITBIS – And How to Avoid Them
In the daily practice of handling the Tax on the Transfer of Industrialized Goods and Services (ITBIS)—known as VAT in several countries—it is common to encounter errors that, although seemingly minor, can have significant consequences for the company.
Legal process for issuing securities in the Dominican Republic: requirements and stages
The Stock Market represents an attractive alternative for companies to access financing at a lower cost and diversify their sources of capital, all within a regulated and transparent environment. In the Dominican Republic, the stock market is regulated by the Superintendence of Securities Markets (SIMV), under Law No. 249-17 on the
Income tax withholding (ISR) in the Dominican Republic: employees and suppliers
The Income Tax (ISR) is one of the main taxes levied on income earned by individuals and legal entities in the Dominican Republic. This tax can be withheld by certain payers—known as withholding agents—when making payments to third parties. Its purpose is to collect taxes in advance on behalf of
Value-Added Tax (ITBIS) in the Dominican Republic: exemptions and reduced rates
The Tax on the Transfer of Industrialized Goods and Services (ITBIS) is a key levy in the Dominican Republic’s tax system, with a general rate of 18%, applied to the transfer and importation of goods and the provision of services. However, there are specific goods and services that are exempt
Common errors when applying tax withholdings and how to avoid them
Applying tax withholdings correctly is not always as straightforward as it seems. Many taxpayers make mistakes unknowingly, which can result in penalties or undue payments. To avoid this, the first step is understanding what withholdings are and how they work. Tax withholdings are deductions applied by certain payers—known as withholding agents—to
Comprehensive Guide to the Tax Obligations of a Limited Liability Company (S.R.L.) in the Dominican Republic
Establishing a Limited Liability Company (S.R.L.) in the Dominican Republic involves not only corporate and administrative advantages, but also strict compliance with tax and fiscal obligations. Below is a detailed summary of the main tax responsibilities that every S.R.L. must comply with in order to operate regularly and efficiently.