- Tax Credit Overview: The Dominican Republic’s DGII issued Notice No. 05-25, establishing a tax credit for businesses implementing e-invoicing, applicable to various tax liabilities within the same fiscal year.
- Credit Details: The maximum credit limit is set at 2 million Dominican pesos (approximately US$32,161), and businesses must apply within six months of the notice’s publication to be eligible.
- Eligibility and Restrictions: Certain conditions must be met to qualify, with exclusions for those using DGII’s free invoicing technology or under special tax regimes; the credit cannot be refunded or offset against other taxes.
Source: globalvatcompliance.com
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