Dominican Republic Establishes New Withholding Rules for ITBIS on Transactions via Credit Cards, Debit Cards, or Other Electronic Payment

The Dominican Republic's Directorate General of Internal Revenue (DGII) has issued General Standard (Norm) No. 06-23 of 3 October 2023, which designates certain entities as withholding and collection agents for the tax on the transfer of industrialized goods and services (ITBIS) when involved in transactions using credit cards, debit cards, or other electronic payment instruments, including pa…
Continue Reading