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Dominican Republic Tax Measures for the Promotion and Optimization of the Stock Market

11 February 2021

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Approved Changes

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Dominican Rep

The Dominican Republic has published General Rule No. 01-2021, which contains tax measures for the promotion and optimization of the stock market. Measures include: An exemption from the 1% withholding tax on the transfer of shares registered in the stock market registry that are subscribed and traded on the stock market, and which are part of a public offering; An exemption from the tax on the issuance of checks and electronic transfers in relation to transfers made by a contributor through checks and electronic transfers to acquire or subscribe shares of investment funds and in relation to profit distributions made...