Santo Domingo.– The National Congress approved and President Luis Abinader enacted Law 30-26 on pro-economic growth measures, fiscal simplification, and mitigation of the international crisis, a regulation that introduces significant changes to the Dominican tax system with the aim of strengthening public finances, facilitating compliance with tax obligations, and stimulating strategic sectors of the economy.
The legislation modifies multiple provisions of the Tax Code, including new mechanisms for payment agreements with the tax administration, changes to late payment surcharges and the calculation of compensatory interest, as well as measures aimed at combating tax evasion and economic informality.
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Among the new features is the creation of an ITBIS withholding regime for informal importers, the expansion of benefits for educational expenses, and new exemptions for productive sectors and essential services, such as the importation of ambulances, fire trucks, and garbage trucks.
The law also introduces new regulations for electronic cigarettes and vaping devices, requires special licenses for manufacturers and importers of these products, and strengthens fiscal control mechanisms on goods subject to the Selective Consumption Tax.
Likewise, it contemplates tax incentives for certain taxpayers, changes to life insurance, contributions on LPG, and adjustments to the country’s departure tax, raising it from US$20 to US$30 per passenger.
