We are establishing a business in the Pisano Zona Franca and I have a question about the 20% of production/products that may be distributed to the Dominican Republic without attracting taxes and duties.
I'm confused on how this actually works in a real practical sense. I know that there are some issues with local content, but the advice that I've received, seems to be conflicting. What I'm looking for, is for someone who brings in products/or manufactures and utilizes this 20% thing.
We will be distributing from the Zona Franca, some of our products in the DR and most of our products to other Caribbean Islands. So, imagine the products are in the Zona Franca - now I want to take some products to fulfil orders from the DR. What is my paperwork required and how do I get it past the customs folks that are sitting at the gate. And who do I report to eventually when I have to pay taxes and duties on this part.
Thanks in advance for any help.
I'm confused on how this actually works in a real practical sense. I know that there are some issues with local content, but the advice that I've received, seems to be conflicting. What I'm looking for, is for someone who brings in products/or manufactures and utilizes this 20% thing.
We will be distributing from the Zona Franca, some of our products in the DR and most of our products to other Caribbean Islands. So, imagine the products are in the Zona Franca - now I want to take some products to fulfil orders from the DR. What is my paperwork required and how do I get it past the customs folks that are sitting at the gate. And who do I report to eventually when I have to pay taxes and duties on this part.
Thanks in advance for any help.