Dominican Republic prepares VAT on foreign digital service providers

March 7, 2022by TPA Global0

The Dominican Republic, a Caribbean country, is considering putting a value-added tax on overseas digital or electronic service providers. It would join over 90 other nations that have adopted the OECD’s electronic services and destination-based VAT principles. Non-resident providers may be required to register for VAT and file monthly reports as part of a current consultation. When consumers make payments to such companies, this would replace the existing withholding VAT obligation. 

Effective date: 2023 

Source

TPA Global

Transforming the World of Tax

Leave a Reply

Your email address will not be published. Required fields are marked *

TPA Global

H.J.E Wenckebachweg 210
1096 AS Amsterdam

Send Us a Message