The tax authorities issued a draft “General Rule on Inventory Disposal of Perishable Goods and Establishing the Ordinary Procedure for Other Non-Inventory Disposal.” The draft rule would establish the procedure for disposing of inventory that consists of perishable goods. It also would establish the requirements taxpayers must meet so that the disposed inventory does not trigger a taxable event for income tax and value-added tax (VAT).
Source EY
Latest Posts in "Dominican Republic"
- Dominican Republic DGII Opens Public Consultation on VAT Withholding Rule Updates
- Dominican Republic Expands E-Invoicing Requirements for Medium-Sized Taxpayers by 2025 Deadline
- Comprehensive Guide to Electronic Issuer Certification in Dominican Republic: Steps and Regulations
- E-Invoicing Implementation Deadline Extended for Large Local and Medium Taxpayers
- The e-Invoicing Mandate in the Dominican Republic: What do you need to know?
