Dominican Republic Congress Considering Fiscal Reform Bill Including Temporary Corporate Tax Surcharge and Other Measures

The Dominican Republic's Ministry of Finance and Economy has announced a package of pro-growth, fiscal simplification, and anti-crisis measures that has been submitted to the National Congress for consideration. The Senate has referred the bill to a bicameral commission for review.

The main corporate and business tax measures include:

• The introduction of a temporary 3-percentage point surcharge on corporate income tax for large taxpayers with annual revenue exceeding DOP 1 billion, increasi…