Dominican Republic: Corporate income tax, VAT rates for 2016

Tax rates for 2016 in Dominican Republic

The Dominican tax authority has informed taxpayers of the following tax rates for 2016.

Related content

  • The corporate income tax (ISR) rate in the Dominican Republic for 2016 will remain at 27%.
  • The rate of value added tax (VAT) will remain at 18%.
  • The “reduced VAT” rate that applies for certain foods will increase to 16% (up from 13%).

 

Read a January 2016 report [PDF 137 KB] prepared by the KPMG member firm in the Dominican Republic: Tax Alert: 2016 News regarding corporate income tax (ISR) and value-added tax (ITBIS)

VAT return for 2016

The VAT return (form IT-1) has been revised, effective for the January 2016 tax period.

The Dominican tax authority also announced that the 1% VAT that is paid to the Dominican customs authority will be deductible from the amount of VAT to be paid at the end of the month (fiscal period) for which the payment to customs was made.

 

Read a January 2016 report [PDF 132 KB] prepared by the KPMG member firm in the Dominican Republic: Tax Alert: Fiscal notice to taxpayers qualified by PROINDUSTRIA

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