Dominican Republic News

Latin America, Caribbean Tax Mix Vulnerable To COVID-19 Hit

by Mike Godfrey, Tax-News.com, Washington

Friday, May 15, 2020

The tax burden in Latin America and the Caribbean (LAC) increased to a record 23.1 percent of GDP in 2018, according to a new OECD report. However, it warns the territories will face considerable financial pressures owing to COVID-19 because of their systems' reliance on indirect tax revenues. Read Full Story

US Trade Commission Recommends Tariffs On Korean Washers

by Mike Godfrey, Tax-News.com, Washington

Tuesday, November 28, 2017

The US International Trade Commission has unanimously recommended tariffs of up to 50 percent on large washers imported from Korea. Read Full Story

Enhanced US Tax Relief Urged For Dominican Apparel Exports

by Mike Godfrey, Tax-News.com, Washington

Friday, October 6, 2017

Eight years after its implementation, the Earned Import Allowance Program is not providing enough incentives to significantly boost Dominican apparel exports to the US market, says the US International Trade Commission. Read Full Story

Dominican Republic Needs Tightened Tax Regime: IMF

by Glen Shapiro, Tax-News.com, Washington

Monday, August 21, 2017

The Dominican Republic needs to agree a medium-term plan to increase the amount of tax revenue it is able to collect, while providing a more certain tax regime for taxpayers, the International Monetary Fund said. Read Full Story

14 Territories Praised By OECD For Tax Transparency Advances

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, June 29, 2017

A number of territories that had failed to demonstrate they have complied with international tax transparency standards have had their ratings upgraded by the OECD, following "fast-track" peer reviews. Read Full Story

Latin America and Caribbean Tax Revenues Rise: OECD

by Ulrika Lomas, Tax-News.com, Brussels

Friday, March 24, 2017

Tax revenues in Latin America and the Caribbean countries continued to increase in 2015, according to new data from the Organisation for Economic Co-operation and Development. Read Full Story

Obama Implements Various Trade Tariff Changes

by Mike Godfrey, Tax-News.com, Washington

Tuesday, December 27, 2016

President Barack Obama has signed a proclamation that tidies up various outstanding trade tariff issues, including the implementation of US tariff preferences for Nepal and the Central African Republic. Read Full Story

OECD Global Tax Forum Hails Milestone Achievement

by Ulrika Lomas, Tax-News.com, Brussels

Monday, November 7, 2016

The OECD's Global Forum on Transparency and Exchange of Information for Tax Purposes celebrated the end of the first phase of reviews of all countries at its annual meeting on November 2-4. Read Full Story

Dominican Rep, Nauru Sign OECD Tax Convention

by Mike Godfrey, Tax-News.com, Washington

Monday, July 4, 2016

The Dominican Republic and Nauru signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters on June 28, 2016. Read Full Story

El Salvador, Guatemala Make Progress On Trade Facilitation

by Mike Godfrey, Tax-News.com, Washington

Friday, February 19, 2016

El Salvador and Guatemala held a meeting on February 16, 2016, to advance their bilateral trade facilitation agenda, according to El Salvador's Ministry of Economy. Read Full Story

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