DR1 Daily News - Dominican Republic

The 27% income tax rate imposed on businesses in the Dominican Republic is hindering competitiveness and deterring foreign investment, according to the Regional Center for Sustainable Economic Strategies (Crees). The organization advocates for a transformation of the fiscal environment to promote a simpler, more neutral, and competitive tax system.

“The latest available data shows that companies in the Dominican Republic face a 27% corporate income tax rate, significantly surpassing the average of countries within the Organization for Economic Co-operation and Development (OECD),” Crees stated in a post on the social media platform X. The OECD’s average stands at 21.5%, with the difference posing “a significant challenge to the country’s competitiveness in a world where nations continuously strive to attract investment and create more economic opportunities.”

Crees...