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Dominican Republic General State Budget 2023

18 October 2022

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Proposed Changes

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Dominican Republic

The Dominican Republic Ministry of Finance has announced the submission of the Draft Law for General State Budget 2023 to the National Congress on 29 September 2022. The tax measures provided in the draft law itself are relatively limited and include that inflation adjustments will not be applied for individual income tax purposes in 2023, the import tax exemption on gaming machines will be suspended in 2023, and the payment of the 1% for the incorporation of companies will be paid with the income tax return in 2023. However, other measures are mentioned in the explanatory materials that will have...