Dominican Republic Consulting on General Norm for New Accelerated Depreciation Regime

The Dominican Republic's Directorate General of Internal Revenue (DGII) has launched a public consultation on the draft general norm for the new accelerated depreciation regime (double the normal rate) for new industrial equipment and machinery with a useful life of at least 5 years, which was introduced by Law 30-26. As previously reported, the effective date of the accelerated depreciation regime is pending the issuance of the general norm containing the list of eligible assets. The draft…