The Internal Taxes General Directorate published General Regulation No.05-2011 which explains procedure of the new sales tax applied to sales made by free trade zones in the Dominican market.

The Internal Taxes General Directorate published General Regulation No.05-2011 on the Declaration and Payment of the Free Trade Zones Sales Tax, as a consequence of recently enacted Law 139-11 which establishes said new tax. Said regulation stated that all beneficiaries of Law 8-90 must present a sworn declaration of the Free Trade Zones Sales Tax, by reporting in the form established for that purpose the total sales of the free trade zones and the sales made in the Dominican market. A 2.5% sales tax will be applied to the monthly sales made in the Dominican market. This declaration will have to be made on a monthly basis (on the 15th day of each month at the latest), even when there is no payable tax.

To see the news, go to: http://www.hoy.com.do/economia/2011/6/28/381881/DGII-anuncia-medidas-para-cobrarbancas-y-Zona-Franca

To see the General Regulation, go to: http://www.dgii.gov.do/legislacion/NormasGenerales/Documents/norma05-11.pdf


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