Dominican Republic Publishes Updated Guidance on Transfer Pricing, Capital Gains Tax, Withholding Tax, and Industrialized Goods and Services Tax

The Dominican Republic’s Directorate General of Internal Revenue (DGII) has published updated guidance on capital gains tax, industrialized goods and services tax, transfer pricing, and withholding tax:

Tax on Capital Gains

This guidance provides an overview of:

• Capital gains subject to tax, which includes gains from the transfer of assets or rights in the Dominican Republic, including indirect transfers through the transfer of shares in resident or non-resident companies;
• The capital g…