Understanding corporate income tax and other business taxes in the Dominican Republic is crucial for companies operating within the country. Alongside corporate income tax, businesses should be aware of other taxes, such as VAT, selective consumption tax, withholding tax, property tax, and social security contributions. It is advisable to consult with a tax professional or refer to the official website of the Dominican Republic's General Directorate of Internal Taxes (DGII) for the most accurate and up-to-date information. By fulfilling their tax obligations, businesses can operate in compliance with Dominican tax laws and contribute to the growth and development of the country's economy.
The Dominican Republic imposes a corporate income tax on the profits earned by companies operating within its jurisdiction. The corporate income tax rate in the Dominican Republic is a flat rate of 27% for resident and non-resident companies engaged in commercial, industrial, or service activities. However, companies operating in free zones or specific sectors may be eligible for special tax rates or exemptions.
For comprehensive and up-to-date information on business taxes in the Dominican Republic, it is recommended to visit the official website of the Dominican Republic's General Directorate of Internal Taxes (DGII).
Dominican Republic's General Directorate of Internal Taxes Website: Official DGII Website