2021News

Government says it will publish list of all payments made from Treasury account

The Abinader administration announced it is reinstating the publishing of all the payments carried out by the government each month. The information will be available to the general public on the National Treasury website. The government did not give a date for when this would be online. The government says the payments made for the …
2021News

Congress passes bill that creates more deputy ministry positions

The Chamber of Deputies approved a bill received from the Senate that amends and creates new deputy ministry positions in the Abinader cabinet. The legislators explain that the creation of the deputy ministry positions does not repeal, substitute, affect or alter the existence, nor the operation of the deputy ministries that created by other laws …
2021News

Chamber of Deputies passes bill with 30 years of tax exemptions for manufacturing on the border with Haiti

The Chamber of Deputies passed the bill that extends tax exemptions for those operating in the seven border provinces – Pedernales, Independencia, Elías Piña, Dajabón, Santiago Rodríguez and Montecristi. The bill now moves on to the Senate for its approval. Companies operating in the area will have 30 years of tax exemptions. The incentives seek …
2021News

Dominican banks association changes name to reflect the multiplicity of financial entities

The Dominican Association of Commercial Banks has changed name. It is now to be known as Asociación de Bancos Múltiples de la República Dominicana, acknowledging that it groups a diversity of institutions in the Dominican financial system. The Asociación de Bancos Múltiples maintains its acronym as ABA. In a press release, the ABA executive president, …