On 19 February 2020, the Dominican Republic enacted Law No. 46-20 of Transparency and Asset Revaluation (the Law), which establishes a voluntary disclosure program for taxpayers who did not previously report certain assets to voluntarily report those assets or revaluate assets previously reported. The Law also establishes a tax amnesty program for all existing tax liabilities, regardless of the type of tax, their origin or whether the liabilities are subject to administrative or judicial appeals.Voluntary disclosure programAccording to the Law, the assets that may be reported or revaluated include cash, financial instruments and securities, movable and immovable property, and inventory. Taxpayers that...