Dominican Republic’s Executive Branch enacts voluntary disclosure program and tax amnesty

On 19 February 2020, the Dominican Republic enacted Law No. 46-20 of Transparency and Asset Revaluation (the Law), which establishes a voluntary disclosure program for taxpayers who did not previously report certain assets to voluntarily report those assets or revaluate assets previously reported. The Law also establishes a tax amnesty program for all existing tax liabilities, regardless of the type of tax, their origin or whether the liabilities are subject to administrative or judici…