The Chamber of Deputies has passed a bill that revokes the annual tax on productive financial net assets, as set out in Art. 12 of Tax Reform Law 139-11 dated 24 June 2011. The bill established it would be effective for 24 months.
The report says that while collections for the tax were satisfactory, it is no longer in effect because it has caused distortions in the financial market.
www.dgii.gov.do/legislacion/normas/Documents/norma09-11.pdf