Business leaders voice concerns over negative impacts of proposed tax …
2 days ago · The Dominican government recently unveiled a tax reform package aimed at generating an additional RD$122 billion in annual revenue. However, the proposal has faced widespread opposition from various sectors, which argue that the proposed changes would negatively impact their businesses. President Luis Abinader has expressed a preference for a ...
Protests erupt over Tax Reform in the Dominican Republic
4 days ago · Santo Domingo.-. The recent tax reform proposal from President Luis Abinader’s administration has sparked widespread protests across the Dominican Republic. Citizens and various social groups are expressing their discontent with the Fiscal Modernization Bill through organized actions, including a cacerolazo—where people bang pans in protest.
Government expects Tax Reform to take effect in January 2025
Oct 8, 2024 · Santo Domingo.-. The Dominican government anticipates that its Fiscal Modernization Project, presented at the National Palace, will take effect starting January 1, 2025, according to Finance Minister José (Jochi) Vicente. The reform, which has been in development for over five years, aims to increase tax revenues by 1.5% of GDP.
Productive sectors present their views on Tax Reform to Deputies
1 day ago · The first and only english language online news publication in the Dominican Republic. Providing local and international news, DR guides and access to real estate and car portals. Your most up to date source for info on the Dominican Republic. ... The tax reform bill, introduced by the government last week, seeks to raise 122,000 million pesos ...
Dominican Republic: Tax reform proposals affecting foreign …
October 11, 2024. The Dominican Republic's Ministry of Finance on October 8, 2024, presented to Congress legislation (Spanish) known in English as the “Project of Fiscal Modernization." Among other things, this proposal would apply income tax and value added tax (VAT) to services provided from abroad for consumption in the national territory.
Dominican Republic's Abinader eyes tax reform in new …
May 20 (Reuters) - Dominican President Luis Abinader, a day after being re-elected for a second term , said on Monday that he will sit down with opposition leaders to discuss a potential...
Fiscal Reform Can Help Dominican Republic Attract Greater Investment - IMF
Jun 24, 2024 · A comprehensive tax reform could help the country boost revenues and earn an investment grade rating. Revenue raising Tax revenues are limited by costly exemptions and a high threshold before personal income taxes apply.
Dominican Republic considers sweeping institutional reforms; tax reform …
Jun 10, 2024 · Key Areas for Reform. Taxation: Changes to the Fiscal Pact are on the table, with discussions likely to center around a more progressive tax structure. Previous attempts at tax reform have faced public resistance. Social Security: The current system provides low pensions without health insurance coverage.
DR1 Daily News - Dominican Republic
Oct 8, 2024 · The Presidency has placed its cards on the table regarding fiscal changes. This is the second tax proposal made by President Luis Abinader. A first in his previous term was rejected by public uproar.
Dominican Republic Unveils Comprehensive Fiscal Reform
Oct 8, 2024 · The Dominican Republic’s government has introduced a sweeping fiscal reform plan to modernize the country’s tax system. Minister of Finance Jochi Vicente presented the proposal during a recent press conference. The reform aims to increase revenue, combat tax evasion, and address social inequalities.
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