The Dominican Republic has published Presidential Decree No. 265-19 of 1 August 2019, which provides for the introduction of a new simplified tax regime (RST) for small taxpayers, including both legal and natural persons. Taxpayers qualifying for the RST regime are relieved from three main obligations, including the requirement to make certain declarations to the tax authority (DGII), the payment of advance income tax, and the payment of asset tax provided that they are related to the economic activity. Two methods are applied for the RST regime, including a method based on annual gross income and a method based on...