It has become wide spread in the local news media that vehicles imported from the US after Jan 2010 will not paid any duties, but that the gov will have in place the first placa and 16% Itbis instead. That most vehicles imported into the DR will not see any or sizeable reduction in price tag, mainly because they need to be at least 35% of US origins on manufactured materials used to make the vehicle and that we "import" mainly cars from other nations like Japan or Mexico, where US cars are made with little US parts or origin in them.
What you need to know:
According to DR-CAFTA the Dominican Republic was and is required to a phase reduction of import duties of US made cars, parts and related goods of that industry into the DR. As part of this the DR has been reducing in phases the duties from that country on cars and other major goods in relation to the sector.
As you might as well know already, the DR began to impose a 17% first placa (tag) tax on new vehicles that are registered in the DR. As such this favors Japanese imports and other major importers over that of individuals or biz people imports from the US. The US auto industry follows strict guidelines of safety and manufacture for the vehicles made for both the local and export industry. This makes US manufactured vehicles more expensive than others that need not meet that criterion, like Japan or Mexico today.
We currently allow imports of vehicles from Japan, which wouldn't even be allowed to run in their own roads, based on new guidelines the Japanese nation has ratified with the international community on the auto industry level of acceptable emissions. Not only that, but even vehicles with left handed steering wheels placements, were all too common in our roads.
Beginning on Jan 01 2010, the DR is mandated as agreed to dismount any and all types of duties or VAT on US vehicles and related goods to the industry. This is not negotiable and binds the country to it with the penalty of canceling the same benefits to all (read here not a few or selected) goods entry into the US markets from the DR.
If you import a vehicle manufactured in the US by any of the three major car makers in the country, those cars are eligible to enter duty free! No car manufactured by the major three is allowed to be built under even close to the 35% of origins made clear on the DR-CAFTA. They all go beyond that threshold margin.
Once the vehicle is in the DR, all you need to pay is docks and fees associated to the import process, which MUST be detailed at the time of shipment from the US*.
Once the vehicle is clear and you need to register it in the DR agency in charge of that process, if you're demanded to pay the 17% fee on first Placa and 16% on Itbis, you must demand a written request for that charge and contact the local consulate to have the documents validated (think notarized) as originals. Then you can go ahead and place a lawsuit in the US court from where the car was shipped against the Dominican State!
The DR-CAFTA agreement is binding and enforceable by even individuals of all walks of life in the US territory!!!
All you lawyers need are a copy of the DR-CAFTA agreement, with the DR only part needed to make the case. The documents notarized by the US representative in the DR, which were handed out to you by the DR's agency and the documents from the export company used in the US. Add to that the documentation given to you at the time of export by the DR's consulate to that end in the US as well.
Not only are the 17% first registration charges illegal but also the larger portion of the 16% Itbis as well!!!
The DR knows this is coming and its mulling reducing the first placa or tossing it away for security. I'm just giving it you as it is! If they try to stick it to you, this time around the US law is on your side!
Not only can you import US brands of vehicles, but any brand including Toyota and Nissan, manufactured in the US with over 35% of raw materials from US origins...
The US private banks like Citibank are interested in financing vehicles purchased in the US by US legal citizens or residents, to be taken immediate and continued to be paid in the DR!!!!
Since new vehicles can be recovered with ease from the DR with the DR-CAFTA agreement in place, the Banks are willing to put up with the exchange rates and all... When you buy a vehicle in the US which is financed via a bank like citi, they'll demand an initial deposit to recover the vehicle in the DR, should you fail to keep up with payments and default...
The implications of DR-CAFTA are beyond what many here can only begin to grasp! That's why (like I told you here untold times) INPOSDOM is undergoing major changes and partnering with other US postal services and carriers like the USPS, UPS, FEDEX and others...
Many goods will enter the DR market duty free this next year unlike now!
Like I said here, these are your rights as US citizens (Dominicans are banned from suing their own state there as part of the agreement, but can also sue the US or other DR-CAFTA countries just the same) to make use of!
OK! Gringos! A trabajar por ustedes y los Dominicanos!
What you need to know:
According to DR-CAFTA the Dominican Republic was and is required to a phase reduction of import duties of US made cars, parts and related goods of that industry into the DR. As part of this the DR has been reducing in phases the duties from that country on cars and other major goods in relation to the sector.
As you might as well know already, the DR began to impose a 17% first placa (tag) tax on new vehicles that are registered in the DR. As such this favors Japanese imports and other major importers over that of individuals or biz people imports from the US. The US auto industry follows strict guidelines of safety and manufacture for the vehicles made for both the local and export industry. This makes US manufactured vehicles more expensive than others that need not meet that criterion, like Japan or Mexico today.
We currently allow imports of vehicles from Japan, which wouldn't even be allowed to run in their own roads, based on new guidelines the Japanese nation has ratified with the international community on the auto industry level of acceptable emissions. Not only that, but even vehicles with left handed steering wheels placements, were all too common in our roads.
Beginning on Jan 01 2010, the DR is mandated as agreed to dismount any and all types of duties or VAT on US vehicles and related goods to the industry. This is not negotiable and binds the country to it with the penalty of canceling the same benefits to all (read here not a few or selected) goods entry into the US markets from the DR.
If you import a vehicle manufactured in the US by any of the three major car makers in the country, those cars are eligible to enter duty free! No car manufactured by the major three is allowed to be built under even close to the 35% of origins made clear on the DR-CAFTA. They all go beyond that threshold margin.
Once the vehicle is in the DR, all you need to pay is docks and fees associated to the import process, which MUST be detailed at the time of shipment from the US*.
Once the vehicle is clear and you need to register it in the DR agency in charge of that process, if you're demanded to pay the 17% fee on first Placa and 16% on Itbis, you must demand a written request for that charge and contact the local consulate to have the documents validated (think notarized) as originals. Then you can go ahead and place a lawsuit in the US court from where the car was shipped against the Dominican State!
The DR-CAFTA agreement is binding and enforceable by even individuals of all walks of life in the US territory!!!
All you lawyers need are a copy of the DR-CAFTA agreement, with the DR only part needed to make the case. The documents notarized by the US representative in the DR, which were handed out to you by the DR's agency and the documents from the export company used in the US. Add to that the documentation given to you at the time of export by the DR's consulate to that end in the US as well.
Not only are the 17% first registration charges illegal but also the larger portion of the 16% Itbis as well!!!
The DR knows this is coming and its mulling reducing the first placa or tossing it away for security. I'm just giving it you as it is! If they try to stick it to you, this time around the US law is on your side!
Not only can you import US brands of vehicles, but any brand including Toyota and Nissan, manufactured in the US with over 35% of raw materials from US origins...
The US private banks like Citibank are interested in financing vehicles purchased in the US by US legal citizens or residents, to be taken immediate and continued to be paid in the DR!!!!
Since new vehicles can be recovered with ease from the DR with the DR-CAFTA agreement in place, the Banks are willing to put up with the exchange rates and all... When you buy a vehicle in the US which is financed via a bank like citi, they'll demand an initial deposit to recover the vehicle in the DR, should you fail to keep up with payments and default...
The implications of DR-CAFTA are beyond what many here can only begin to grasp! That's why (like I told you here untold times) INPOSDOM is undergoing major changes and partnering with other US postal services and carriers like the USPS, UPS, FEDEX and others...
Many goods will enter the DR market duty free this next year unlike now!
Like I said here, these are your rights as US citizens (Dominicans are banned from suing their own state there as part of the agreement, but can also sue the US or other DR-CAFTA countries just the same) to make use of!
OK! Gringos! A trabajar por ustedes y los Dominicanos!
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