Dominican Republic: Inflation adjustments, other factors for 2015 tax year

Inflation adjustments, other factors for 2015 tax year

The Dominican tax authority has provided the following information for corporate income taxpayers to use in calculating their tax liability for the 2015 tax year.

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  • Inflation adjustment multiplier is 1.0234.
  • Exchange rate for the purposes of exchange rates fluctuations is RD$45.4691, for the U.S. dollar, and RD$49.5022 for euros.
  • Capital assets inflation adjustment multiplier is provided with reference to multipliers from 1980 to 2015, so as to establish the basis of the capital assets adjusted value corresponding to the 2015 tax year.
  • Inflation adjustment of legal amounts as adjusted for 2016; this corresponds to amounts for fines, penalties, tariffs, and certain minimum and maximum amounts as stipulated by the Dominican tax law.   

 

Read a February 2016 report (English) [PDF 138 KB] and (Spanish) [PDF 142 KB] prepared by the KPMG member firm in the Dominican Republic: Criteria to calculate the Corporate Income Tax of 2015 Fiscal Year ending at December 31st

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