DR1 Daily News - Dominican Republic

The Tax Agency (DGII) has announced an update to the exempt amounts applicable to the real estate property tax (IPI) and the new ceiling for classifying low-cost housing, reflecting the corresponding inflation adjustment for 2025.

According to an official statement, the maximum sale price of homes developed by low-cost trusts, including those from the Ciudad Juan Bosch project acquired through mortgage loans, will be RD$5,193,655.47. This value will allow buyers to qualify for the housing bonus and be exempt from the transfer tax.

As for the IPI, properties designated as homes and undeveloped urban land belonging to individuals will be exempt from the tax if their value does not exceed RD$10,190,833, according to the tax authority.

This adjustment, the DGII explains, aims to maintain balance in fiscal policy, ensuring that exempt amounts reflect the...