author_ey
EY

Share This Article

Dominican Republic enacts Law to promote trading of publicly-offered securities on Dominican Republic Stock Exchange

27 August 2021

|

Tax Alerts, Legislation & Policy, Na...

|

Dominican Rep

Taxpayers may benefit from tax incentives for the trading and transfer of shares on the Dominican Republic Stock Exchange. Most of the tax incentives apply for three years from the Law's effective date.On 6 August 2021, the Dominican Republic enacted Law No. 163-21 (the Law), which encourages the placement and trading of publicly-offered securities on the Dominican Republic Stock Exchange. This Law applies throughout the national territory with various applicability dates. According to the Law, its ultimate aim is to encourage the involvement of the private sector in the Dominican Republic's economic recovery from the COVID-19 crisis. The Law went...