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President Luis Abinader has enacted Aviation Incentives Law 57-23 that creates tax incentives for locally-based airlines flying abroad and domestically.
The law seeks to strengthen the positioning of the Dominican Republic as a connecting point for the transport and logistics of passengers and cargo.
The general director of the Dominican Institute of Civil Aviation (IDAC), Héctor Porcella, says the new law will revolutionize the country’s aeronautical sector by creating better conditions for investors in local aviation, resulting in a boost to tourism development. There are expectations air tickets will soon cost less.
Porcella says that Law 57-23 creates tax incentives for national and international civil aviation. New jobs in aviation will be created.
Porcella explained that the tax incentive regime for commercial aviation aims to improve...
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