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Dominican Republic Budget for 2021 Includes Special Taxes to Increase Revenue

|Proposed Changes|Dominican Rep
Dominican Rep

The Dominican Republic has published the draft Budget for 2021. Some of the main tax-related measures of the budget include the introduction of new special taxes to increase revenue, including:

  • A temporary contribution of 8% on the "extraordinary profit" of legal entities earned in 2020, which is the amount of profit reported in the return filed in 2021 (for 2020) that exceeds a 5% increase in…

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