Dominican Republic
Income Tax
The tax code of the Dominican Republic establishes that the income tax payable will be the greater of the taxable net income or 1% of the taxable assets. The income tax rate for legal entities is 27% on income earned in the country. In the event of tax losses, taxpayers can offset them within 5 years following the year in which the loss was generated. The finalization period for income tax returns is 3 years.
| Income Tax Paid | Current Tax | Deferred Tax |
|---|---|---|
| 5.414 | 8.383 | -2.969 |
| Income Tax Paid | Current Tax | Deferred Tax |
|---|---|---|
| -22 | 4.805 | -4.827 |