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Dominican Republic Consulting on General Norm for New Accelerated Depreciation Regime

|Proposed Changes|Dominican Republic
Dominican Republic

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…

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