Dominican Republic Tax Agency Issues Resolution on Inflation Adjustments, List of Tax-Compliant Jurisdictions

The Dominican General Directorate of Internal Revenue Jan. 17 issued Resolution No. DDG-AR1-2022-00001, setting inflation adjustments and updating the list of tax-compliant jurisdictions. The resolution includes measures to: 1) set the inflation adjustment multiplier at 1.0850 for income tax purposes for the tax year ending Dec. 31, 2021; 2) update the table of inflation adjustment multipliers for capital assets for the tax year ending Dec. 31, 2021; 3) set the inflation adjustment on the bond for selective consumption tax calculations of alcohol and tobacco, effective Feb. 1; 4) set the inflation adjustment for the exempt real estate for individuals; 5) ...