The Dominican Republic's Directorate General of Internal Revenue (DGII) has published Law 163-21 for the Promotion of the Placement and Commercialization of Public Offering Securities in the Stock Market of the Dominican Republic, which was promulgated (enacted) by President Luis Abinader on 6 August 2021. As previously reported, the law provides several incentives in relation to the promotion of listing securities on the Dominican Republic stock market, including: An exemption from the 1% tax on capital increases for companies issuing shares or other equity-like instruments for a period of 3 years; An exemption from the 1% withholding tax on the...