Dominican Republic-Malaysia trade reaches US$47.9 million in January-August 2024
Economy October 21, 2024 | 2:14 pm
Santo Domingo.- From January to August 2024, the Dominican Republic's trade with Malaysia reached US$47.9 million, with 53.7% attributed to imports and 46.3% to exports. This data, re[...]Former Finance Minister claims Government engaged in Ponzi-like scheme
Economy October 21, 2024 | 9:10 am
Santo Domingo.- Former Finance Minister Daniel Toribio Marmolejos has criticized the government’s tax reform proposal, stating it stems from the administration being caught in a pyr[...]Some fuels will be marketed with new prices in the Dominican Republic
Economy October 20, 2024 | 1:52 pm
Santo Domingo—According to the Ministry of Industry, Commerce and MSMEs (MICM) announcement, some fuels will be marketed at new prices in the Dominican Republic starting this Saturd[...]Maria Abreu and Abreu & Associates empower expats in the Dominican Republic
Economy October 18, 2024 | 9:15 am
Santo Domingo.- The Dominican Republic, situated in the thriving heart of the Caribbean, has emerged as a favored destination for expatriates and international investors alike. Amidst[...]CHTA warns against tax reforms in Dominican Republic that could undermine Caribbean tourism
Economy October 17, 2024 | 8:13 pm
Santo Domingo.- In a recent statement, the Caribbean Hotel and Tourism Association (CHTA) has raised alarms regarding proposed long-term tax reforms that could eliminate crucial fisca[...]Banco Popular wins two Stevie® Awards for institutional communication projects
Economy October 15, 2024 | 6:58 pm
Santo Domingo.- Banco Popular Dominicano has been awarded two Stevie® Awards for its institutional communication projects: “When Your Ideas Come True,[...]
Tax Reform proposal threatens unsustainable rise in housing prices
Economy October 14, 2024 | 3:16 pm
Santo Domingo.- The United Construction Sector of the Dominican Republic, including APROCOVICI, ADECLA, AEI, and the Dominican Association of Housing Builders and Promoters (ACOPROVI)[...]Dominican Republic to host first International Congress of Stock Markets
Economy October 14, 2024 | 2:20 pm
Santo Domingo.- Salas Piantini & Asocs has announced the First International Congress of Stock Markets, scheduled for October 21 at the Intercontinental Real Santo Domingo Hotel. [...]Tax reform proposal threatens healthy eating, says Onpeco
Economy October 13, 2024 | 12:00 pm
Santo Domingo—The National Observatory for Consumer Protection (Onpeco) called on congressmen to study the tax reform proposal, Fiscal Modernization, in depth and [...]
Restaurant owners foresee cost increases with tax reform
Economy October 13, 2024 | 10:00 am
The Dominican Restaurant Association (Aderes) highlighted that the tax reform bill presented by the Government would increase input costs, which will directly impact the cost s[...]Tourism sector contributes 3 out of every 10 dollars of the Dominican Republic’s foreign exchange earnings
Bavaro & Punta Cana October 12, 2024 | 12:09 pm
Punta Cana - The Association of Hotels and Tourism of the Dominican Republic (Asonahores) indicated that at least 10 out of every 100 pesos of the government's tax revenues are contri[...]Tax reform will cost the population between 10% and 20% of their income, says Juan Ariel
Economy October 12, 2024 | 9:00 am
The economist and Harvard University professor Juan Ariel Jiménez said that the tax reform presented by the government a few days ago will cost Dominicans between 10% and [...]
Confotur credited for boosting foreign investment in the Dominican Republic
Economy October 11, 2024 | 10:48 am
Santo Domingo.- The Tourism Development Council (Confotur) has played a pivotal role in attracting significant foreign investment to the Dominican Republic, particularly in the develo[...]CNZFE approves 10 new companies in Free Zones
Economy October 10, 2024 | 4:27 pm
Santo Domingo.- The National Council of Export Free Zones (CNZFE) approved the establishment of 10 new companies, projecting an investment of RD$972.7 million, the creation of 926 dir[...]Dominican Cocoa exports surge by 92.9% in eight months of 2024
Economy October 9, 2024 | 9:09 am
Santo Domingo.- The Dominican Republic has achieved record growth in cocoa exports, reaching a total value of $359.1 million between January and August 2024, reflecting a 92.9% year-o[...]Dominican Tax Reform eliminates exemptions for small online purchases
Economy October 9, 2024 | 8:34 am
Santo Domingo.- The new Tax Modernization Bill proposed by the Dominican Government introduces significant changes to the tax treatment of online purchases. Previously, items valued a[...]Finance Minister dismisses concerns over impact of Tax Reform on Dominican tourism
Economy October 9, 2024 | 8:25 am
Santo Domingo.- Finance Minister Jochi Vicente assured that the Fiscal Modernization Law, which includes a tax reform that eliminates incentives for the tourism sector, will not negat[...]Government expects Tax Reform to take effect in January 2025
Economy October 8, 2024 | 2:41 pm
Santo Domingo.- The Dominican government anticipates that its Fiscal Modernization Project, presented at the National Palace, will take effect starting January 1, 2025, according to F[...]Asonahores warns proposed Tax Reform could harm Dominican tourism
Economy October 8, 2024 | 1:13 pm
Santo Domingo.- The National Association of Hotels and Tourism (Asonahores) has expressed serious concerns about the government's proposed tax reform, arguing it could adversely affec[...]Airbnb expresses willingness to pay taxes in the Dominican Republic
Economy October 8, 2024 | 10:12 am
Santo Domingo.- Airbnb executives have expressed a willingness to pay taxes in the Dominican Republic, provided the government updates its tax system to align with international stand[...]