Tax system In The Dominican Republic

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The Dominican Republic has a soft taxing system, which welcomes foreign investments in the country. 

If you only use the company to transfer money in and out your bank account, you will only have to pay a 0.0015% tax on outgoing wires.

As long as you do not earn money from doing business INSIDE the Dominican Republic, your company only has to declare in zero monthly and does not have to worry about the payment of the main taxes (described below).

ANNUAL INCOME TAX DOMINICAN REPUBLIC

Every year all corporations in Dominican Republic have to file a declaration of income. Quota of payment is currently 27% of net income of what is earned from doing business INSIDE the Dominican Republic. Bank accounts are not subject of this tax.

ITBIS

Internationally known as Value Added Tax (VAT), this tax is charged in all the invoices issued by corporations inside the Dominican Republic, the amount is 18%.  Bank accounts are not subject of this tax.

WIRE TRANSFERS

Outgoing bank transfers from the account are subject to only 0.0015% over the amount. Incoming wire transfers are not subject to tax.