"There is almost no incentive for a U.S. Citizen to obtain Dominican Citizenship"
It's even worse than that... I'm not a lawyer or in any way familiar with the tax laws of the D.R... but I would suppose that people who obtain Dominican Citizenship, or even official resident status may be subject to yearly Dominican tax filings as well. Maybe it all will mean very little. Maybe not??
Following is an excerpt found in a thread in the Legal section in DR1:
http://dr1.com/forums/legal/73442-overview-dominican-tax-law.html
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LTSteve
Join Date:Jul 2010
Posts:2,514
Quote Originally Posted by Robert
Recent article by Fabio Guzman for Tax Notes Int’l.
PDF document:
http://dr1.com/legal/FGuzmanTaxNotesFeb2008.pdf
Guzman Ariza & Asociados - The Dominican Republic Law Firm: Guzman Ariza, Attorneys at Law.
This is great info for ex-pats who may be doing business in the DR. The difference between the DR and the US is that currently the DR does not have the computer abilitity to track those who don't pay and should but
they are implenting a new system which will close many loopholes.
LTSteve
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01-01-2014, 09:39 AM
#12
MikeFisher
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Join Date:Feb 2006
Posts:7,759
and take care that you visit up to date links/info, as this Topic here is a few years old, and such laws do change once in a while.
Happy New Year
Mike
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