Dominican Republic

Dominican Republic cuts VAT rate to 16% 2015

January 21st, 2015

UPDATE FEB 2015: this rise do not go through. The Dominican Republic has reduced its standard VAT rate from 18% to 16% from 1 January 2015. It has also raised its reduced VAT rate from 11% to 13%. VAT is termed Impuesto a la Transferencia de Bienes Industrializados y Servicios in the Dominican Republic. It …