The Dominican Republic's Directorate General of Internal Revenue (DGII) has launched a public consultation on a draft general rule that would repeal exemptions from the tax on the issuance of checks and electronic transfers. The tax, which applies to both individuals and companies, is calculated at a rate of 1.5 per thousand (DOP 0.0015 per peso or 0.15%) on the value of checks of any nature paid by financial intermediation entities and on electronic transfers or payments made to third parties. The draft general rule would repeal all administrative exemptions granted by the DGII, by agreement, certification, communication, or any...