The General Rule establishes the requirements non-invoiced inventory outflows of perishable products must meet to not be subject to income or value-added tax. Failure to comply with the requirements could result in penalties.
The Dominican Republic’s Ministry of Finance and General Directorate of Internal Taxes issued guidance strengthening the rules for non-invoiced inventory outflows of perishable products. Non-invoiced inventory outflows are inventory outflows that have not been invoiced to a client or have been taken out of the inventory process and cannot be traced. The guidance also sets out the rules non-invoiced inventory outflows must meet to not trigger a taxable event for income tax (IT) and value-added tax (VAT) purposes.
Source EY
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