The Dominican Tax Office (DGII) granted an exemption to micro and small enterprises on their Corporate Assets tax installment and extends the filing and payment of income tax (ISR) for legal and natural persons, undivided estate and taxpayers under the Simplified Taxation Regime (RST) from May 29th until June 29th, 2020. Companies that have not declared income will not be able to benefit from this exemption.
Likewise, the exemption on the payment of the tax advance with due date of June 15th is maintained. This measure is limited to businesses with income up to RD$58,314,600 filed in the total income box of the Income Tax Return affidavit (IR-2) for the 2019 fiscal period.
Taxpayers with the obligation to pay Corporate Assets tax at the end of December 31st may pay in three equal and consecutive payment installments in the quarter of June – August 2020. These installments will not be subject to interest or surcharges and will be generated automatically at the time of filing