Rental Income Question....

AndyGriffith

New member
Mar 11, 2010
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Sr. Guzman,

I gather that income derived from rental apartments in the DR are considered income from a Dominican source?

If a citizen, resident or foreigner are renting out an apartment and receive income into local DR bank accounts, what is the reporting of this income to the local government by the banks?

Is the reporting of this income to be completed by an annual DR tax return by the owner of the property whether citizen, resident or foreigner?