The Dominican Republic's Directorate General of Internal Revenue (DGII) recently published a consultation letter dated 15 August 2024 concerning whether dividends received from foreign entities by residents of the Dominican Republic are taxed according to the standard income tax rate or the final withholding tax rate of 10%. The letter confirms that dividends received from foreign entities by residents are taxed according to the standard income tax rate, which is 27% in the case of companies or up to 25% in the case of individuals. Further, the letter confirms that taxpayers are entitled to a tax credit for any foreign...