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Dominica To Slash Corporate Income Tax Rate

by Mike Godfrey, Tax-News.com, Washington

09 September 2014


Dominica has announced that it will reduce its corporate tax rate from 30 percent to 25 percent.

The move follows private sector consultation and is intended to facilitate economic growth. The reduction will take place over two years, with a two percent reduction in 2015, and a three percent reduction in 2016.

The rate reduction will reduce tax revenue by an estimated XCD3.6m (USD1.33m).

TAGS: tax | corporation tax | tax rates | Dominica

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