DOMINICAN REPUBLIC Law and Practice Contributed by: Alfredo Guzmán Saladín, Fabio Guzmán Ariza and Julio Brea Guzmán, Guzmán Ariza
8.5 Tax Benefits There are no tax benefits from owning real estate in the Dominican Republic. Corporations may be compensated on the property’s depreciation in accordance with the Dominican Tax Code and exemptions may apply depending on the type of real estate, the activities developed at the prop - erty and its location, among other things.
tax is levied on developers or owners planning new construction projects. 8.4 Income Tax Withholding for Foreign Investors The basic tax withholdings in the Dominican Republic are as follows: • withholding for interest paid abroad – 10%; • withholding for payments abroad – 27%; and • dividends – 10%.
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