Dominican Republic Tax Agency Issues Resolution on Inflation Adjustments, Tax-Compliant Jurisdictions

The Dominican General Directorate of Internal Revenue Jan. 15 issued Resolution No. DDG-AR1-2025-00001, setting inflation adjustments and updating the list of tax-compliant jurisdictions. The resolution includes measures to: 1) set the inflation adjustment multiplier at 1.0335 for income tax purposes, for the tax year ending Dec. 31, 2024; 2) update the table of inflation adjustment multipliers for capital assets for the tax year ending Dec. 31, 2024; 3) set tax adjustments under the simplified tax regime for fiscal year 2025; 4) set the inflation adjustment on the bond for taxpayers of the selective consumption tax on alcohol and tobacco, effective ...