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Taxes

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The experience of our responsible professionals in the tax area and their understanding of the business sectors in the Dominican Republic, allow us to develop effective strategies in favor of our clients in the tax field, helping them effectively comply with tax duties and obligations.

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Our services are personalized and depending on the size of the business, we take into account the business classification according to Law No. 488-08, of December 19, 2008, which establishes the Regulatory Regime for the Development and Competitiveness of Micro, Small and Medium Enterprises (MSMEs), modified by Law 187-17, which in its article 2, complemented by Resolution No. 05-2021, establishes a business classification for companies according to the number of workers and gross sales . According to said Resolution, a natural person or legal entity that carries out agricultural, industrial, commercial or service activities, rural or urban, will be classified as:

We focus on providing legal advice in the following areas:

  • Microenterprise: If you have up to 10 workers; and annual gross sales of up to nine million one hundred and eighteen thousand nine hundred and ninety Dominican pesos and seventy-four cents (RD$9,118,990.74).
  • Small Business: If you have between 11 and 50 workers; and annual gross sales of up to sixty-one million, five hundred and fifty-three thousand, one hundred and eighty-seven Dominican pesos and fifty-one (RD$61,553,187.51).
  • Medium Company: If you have between 51 and 150 workers; and annual gross sales of up to two hundred and thirty million, two hundred and fifty-four thousand, five hundred and sixteen Dominican pesos and twenty-three cents (RD$230,254,516.23).

Our specialized assistance services for SMEs, includes advice on their tax obligations and data submission tools, monthly and annual sworn statements, formalization before the Chamber of Commerce and Production, commercial registry, General Directorate of Internal Taxes, Ministry of Labor and Social Security Treasury, among others.

Tax obligations

These are the commitments that natural and legal persons acquire at the time of registering in the RNC as taxpayers, responsible parties or third parties.

Tax obligations are established by law and are assigned based on the economic activities declared by the Taxpayer. These are born on the start date of operations declared by him at the time of his registration with the RNC and must be fulfilled on specific dates.

The main tax obligations in the Dominican Republic:

  • Declaration and tax payments
  • Referral of information
  • Updates of the Voucher RNC

The advantages that MSMEs obtain when formalizing as taxpayers are the following:

  • Obtain financing and credit from formal financial institutions.
  • Participate in the different support programs for MSMEs.
  • Participate in public tenders to be a supplier of goods or services to the State.
  • Design, manufacture and market their own products (registered trademark, patents, industrial designs, among others).
  • Export your products and take advantage of international agreements.
  • Obtain and issue invoices with Fiscal Receipt Number.

Activities that generate tax obligations in the D.R.

  • Purchase and sale of any type of movable or immovable property.
  • Import or export of goods, directly or through third parties.
  • Exploitation of land for agricultural and/or livestock purposes.
  • Leases to third parties.
  • Transactions in banking or financial entities of the country or abroad.
  • Provision or acquisition of services, rentals or leases, subject or not to the payment of the ITBIS.
  • Hiring personnel to carry out any activity of the company or entity.
  • Any other activity of lawful trade or service.

Contact us and we can advise you to satisfactorily comply with tax duties and obligations, and explore possible savings that we could identify based on the legal basis of Law 11-92, its regulations, general rules and binding consultations.