VATupdate
VAT

Share this post on

Keys to understanding the new electronic invoicing law in the Dominican Republic

  • The Electronic Invoicing Law in the Dominican Republic requires the use of electronic invoices for commercial transactions.
  • Its goal is to modernize billing processes, reduce tax evasion, and improve tax control.
  • Deadlines for implementation vary based on taxpayer category, with large national taxpayers having 12 months and small, micro, and unclassified taxpayers having 36 months to comply.
  • The law also offers tax incentives for early adoption and exempts state providers from withholding income tax on electronic payments.

Source Voxelgroup

Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE

Sponsors:

VAT news
VAT news

Advertisements:

  • AXWAY - VATupdate Banner
  • VATupdate.com