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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